Positive dynamics of the U.S. debt market | 15 November 2021

15 November 2021, USD/JPY

USDJPY trading plan:

The five-year U.S. Treasury yields rose to as much as 1.263%, the highest since February 2020. Some investors believe a startling rise in consumer prices to their highest level in more than three decades may accelerate the speed at which the Fed reduces its bond buying and eventually raises interest rates, potentially weighing on stocks and other risky assets. The central bank kicked off an unwind of its $120 billion government bond buying program this month. Wage inflation shows few signs of abating even as the daily case rate of coronavirus infections ebbs, with employers in almost every industry competing to lure workers and three million fewer people in the labor force compared to pre-pandemic levels.

Investment idea: Buy 113.66 and take profit 114.25.

David Johnson
Analyst of «FreshForex» company
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