
USD/JPY, DXY Outlook: Hawkish Holds and Key Resistance Levels
USD/JPY and DXY face key resistance levels as markets weigh Fed and BOJ rate expectations, inflation and geopolitical developments
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USD/JPY and DXY face key resistance levels as markets weigh Fed and BOJ rate expectations, inflation and geopolitical developments

EUR/USD and DXY Forecast: French 10Y yields test levels last seen in 2002 as US and German yields show reversal risks. Key scenarios and levels to watch on the DXY and EURUSD charts

Key support levels are in focus across USDJPY and Nasdaq as the US dollar and Treasury yields pull back, crude oil prices rise, and markets prepare for major tech earnings and central-bank decisions next week.

Risk sentiment has fallen into the extreme-fear zone, sparking contrarian interest and potential dip-buying opportunities. This comes as geopolitical tensions rise again and US bond yields pull back from extreme momentum conditions.

The gold and silver outlook stays bullish while U.S. Treasury yields and the U.S. dollar index pull back, keeping the July rebound intact.

The gold price outlook is holding a bullish structure as crude oil falls more than 8% from monthly highs and U.S. Treasury yields stall.
USDJPY, Gold, Silver Outlook: Amid a credit rating downgrade and soft economic data, the US Dollar is pulling back within the 100 range on the DXY, while safe-haven assets like gold, silver, and Japanese yen maintain bullish momentum.
Investors appear convinced the Fed will slow down rate hikes despite officials indicating otherwise.
Treasury yields are closely watched as an indicator of economic health, interest rates and inflation. Read our one-page guide to treasury yields, including what they are, what the yield curve is and what it means when the yield curve inverts.
How much longer could inflation be sustained at this level?
If the correlation continues to be strong, watch for USD/JPY to continue to move with US 10-year yields
Whilst net exposure to US 10-year treasury notes were at their most bearish level since the Pandemic began, CFTC data shows it is a function of longs covering.
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