Link for this issue: https://tradingdiary.incrediblecharts.com/2024-04-17-markets-forex-gold-economy.php
Markets move to Risk-Off
Bitcoin broke support at $64K, warning that financial markets are moving to risk-off . Traders and investors reduce their exposure to risk and focus on protecting their capital. Follow-through below $62K would confirm, warning of a sharp fall (in BTC) and a stock market correction.
The 10-Year Treasury yield has climbed to 4.67%, confirming our target of 5.0%.
The Japanese Yen fell to 154 against the Dollar, increasing pressure on the Bank of Japan to loosen the cap on long-term JGB yields -- to protect the Yen. The result of such a move would be an outflow of Japanese investors from the US Treasury market, increasing upward pressure on UST yields and downward pressure on the Dollar.
Fed Monetary Policy...
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