Forex Consulting

USD/JPY has second thoughts on the tax plan

USD/JPY climbs all the way back Maybe a tax cut isn’t so bad after all. It’s tough to tell if the market is handicapping whether the tax cut is as good for growth as expected (it probably is) or whether it can pass (tougher to say). Copyright 2015 Forexlive.com

Forex Consulting

NFIB says it opposes Republican tax plan

That’s a big hit The National Federation of Independent Business is (by far) the biggest US small business lobby. However, the NFIB isn’t giving up. It says they will work with the ways and means committee to make “necessary” changes so all small businesses can benefit. Copyright 2015 Forexlive.com

Forex Consulting

US 10-year yields fall further away from 2.40%

US 10-year yields down 3 bps to 2.34% The drop puts the pair into a bit of a technical gray zone. There isn’t much support until below 2.30%. Looking through the details of the tax plan, it’s very difficult to interpret what it means for growth, while at the same time trying to figure out…