Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-02-22T13:45:05.000Z

USD, EUR, JPY flows: USD gains broadly after drop in claims

byAdrian Schmidt

Senior FX Strategist
-

Anoth drop in claims supports US yields and the USD - JPY the most vulnerable

More strong US labour market data, with initial and continuing claims both dropping in what is the survey week for the employment report, making it all the more significant. Front end US yields, which were already higher on the day, have extended gains, and the US has also made general gains.

However, on the day there is little change in EUR/USD front end yield spreads, so the data looks unlikely to have much impact on EURUSD, and should have the most sustained impact on USD/JPY. Even though USD/JPY is already stretched compared to yield spreads, further US yield rises will support USD gains on the day, and with resilience in equities will also mean further declines in equity risk premia, signalling JPY weakness on the crosses. Last week’s USS/JPY high at 150.88 will be in the market’s sights.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
FX DM
Flows
EUR/USD-Commentary
EUR/JPY-Commentary
USD/JPY-Commentary

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image