{"id":79616,"date":"2015-10-15T06:36:00","date_gmt":"2015-10-15T10:36:00","guid":{"rendered":"http:\/\/countingpips.com\/?p=79616"},"modified":"2015-10-15T10:02:40","modified_gmt":"2015-10-15T14:02:40","slug":"dollar-loses-traction-against-yen-as-traders-reduce-fed-tightening-expectations","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/dollar-loses-traction-against-yen-as-traders-reduce-fed-tightening-expectations\/","title":{"rendered":"Dollar Loses Traction Against Yen as Traders Reduce Fed Tightening Expectations"},"content":{"rendered":"
October 15, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

The USD\/JPY notched up a seven-week low at 118.09 before finding a footing just ahead of the Sept-4 low at 118.30. The pair managed a rebound back to the north side of 119.0 in Tokyo trade, but this soon elapsed and the dollar drifted back to the high 118.0s. Much of the movement has been driven by the dollar. Support is now seen near the August lows at 116.\u00a0 Momentum has turned negative with the MACD (moving average convergence divergence) index generating a sell signal.<\/p>\n

The Oct-30 BoJ policy meeting is starting to swing into view. Market opinion is divided about whether the central bank will expand its QQE program. BoJ chief Kuroda appeared to rule out both this and the option for negative interest rates while speaking at the last weekend\u2019s IMF meeting in Peru.<\/p>\n

In the U.S. yields have tumbled as traders have priced in a mere 30% chance that the Fed will increase interest rates by December.\u00a0 Fed fund futures have also only priced in a 5% chance of a change to monetary policy by October.\u00a0 Bond yields have declined below the 2% level, dropping down to 1.98%.\u00a0 This comes on the heels of Wednesday\u2019s worse than expected retail sales and producer price report.<\/p>\n

\"jpy-101515\"<\/a><\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>

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Article by ForexTime The USD\/JPY notched up a seven-week low at 118.09 before finding a footing just ahead of the Sept-4 low at 118.30. The pair managed a rebound back to the north side of 119.0 in Tokyo trade, but this soon elapsed and the dollar drifted back to the high 118.0s. Much of the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-79616","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=79616"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79616\/revisions"}],"predecessor-version":[{"id":79626,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79616\/revisions\/79626"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=79616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=79616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=79616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}