USD/JPY Starts Week Strong

View this email online. USD/JPY Starts Week Strong USD/JPY climbed upwards on Monday, rising about 0.2% to 150.36, supported by increasing U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in late morning trading in New York.   READ MORE Market Analysis The US ISM manufacturing PMI missed market forecasts by a wide margin, and remained in contraction territory, with new orders falling from 52.5 in January to 49.2 in February.  READ MORE The Organization of the Petroleum Exporting Countries and its allies, otherwise known as OPEC+, decided to extend supply cuts into the second quarter of this year, as expected.  READ MORE The British Pound starts a busy week with gains against a United States Dollar still feeling the pressure from last week’s news of a sharper-than-expected contraction in the manufacturing sector. READ MORE This week promises a healthy dose of potential market volatility, driven by a lineup of high-impact events from central bank decisions to the all-important U.S. jobs report.  READ MORE The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally.  READ MORE The International Monetary Fund, or IMF, upgraded its outlook on global economic growth as major economies reveal their resilience. ​​​​​​​READ MORE Trading Skills Enhancement TRADING EDUCATION Learn to trade with DailyFX and take your trading knowledge and confidence to the next level. Whatever your trading experience is, our expert analysts and market writers can help you navigate a range of market conditions and trading styles, setting you on the road to consistent trading. Our online education is divided into three sections according to experience level   LEARN MORE TRADING TOOLS View current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish with IG Client Sentiment.   LEARN MORE Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.   LEARN MORE CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Kind regards DailyFX dailyfx.com Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom, EC4R 2YA. Trading financial instruments, including leveraged foreign currencies, carries a high degree of risk and your losses may exceed your deposits. Trading is not suitable for all. You should carefully consider whether trading is right for you in light of your investment experience and financial resources. Past performance is not indicative of future results. This commentary is for general informational purposes and does not constitute advice or a solicitation. While DailyFX has taken reasonable measures to verify the accuracy of the information herein, DailyFX makes no guarantee as to its accuracy or completeness. This information is subject to change at any time without notice. DailyFX is not liable for any loss or damage which may arise from the use of any information in this commentary. Please read the full Risk Disclosure, as well as our Privacy Policy. You received this email because of your relationship with DailyFX. To manage your preferences or unsubscribe from our marketing communications click here.   © 2024 IG