Technical Analysis

USD/JPY stays underpinned as weaker bond yields weigh on the yen

Japanese bond yields fall to their lowest levels since late 2016

ForexLive

The yields story is back in FX market as that is helping to contribute to the dollar demand seen so far to start the day. USD/JPY continues to inch higher as price now reaches 111.60 levels, moving past the key daily moving averages.

Risk sentiment remains rather tepid to start the day but should equities and Treasury yields inch higher later, just be wary of a potential move in USD/JPY to test the 112.00 handle again; where key resistance and offers currently lie.

Here’s a look at Japanese bond yields across the curve:

JPY yields 10
JPY yields 30
JPY yields 40

Articles You May Like

New Ultimate Trend Trading System – Trade With The Trend and Win Every Time!!
AUD traders – Australian election decided, incumbent government wins
UK’s Hunt: Lawmakers will have to consider consequences of failing to deliver a Brexit deal
Stay afloat, don’t drown: Top FX tips
EURUSD trades back near unchanged in up and down day

Leave a Reply

Your email address will not be published. Required fields are marked *