Global yields spike, as speculations gather steam over the Bank of Japan’s scaling back its stimulus measures.
Yields on 10-year Japanese bonds climbed to an almost 18-month high during Asian hours, apparently on anticipation that the upcoming BOJ meeting on Tuesday might see the central bank reduce its bond-buying target and/or allow more room for interest rates in Japan to move around the zero-level.
10-year U.K. bonds’ yield climbed five basis points to 1.33 percent as of 10.56 a.m. in London, while German bunds’ yield rose four basis points to 0.44 percent.
Yield on U.S. Treasuries increased two basis points to 2.98 percent.
JPYUSD saw its Momentum Indicator move below the 0 level on April 01, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 123 similar instances where the indicator turned negative. In of the 123 cases, the stock moved further down in the following days. The odds of a decline are at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JPYUSD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JPYUSD broke above its upper Bollinger Band on May 01, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for JPYUSD entered a downward trend on May 02, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where JPYUSD's RSI Indicator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 90 cases where JPYUSD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for JPYUSD just turned positive on May 01, 2024. Looking at past instances where JPYUSD's MACD turned positive, the stock continued to rise in of 97 cases over the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows