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Dollar bid stalls despite a tail at the 10-year sale

USD/JPY looked like it only needed a nudge to break out of the two-day range capped near 139.70 but when higher-than-expected yields materialized at a 10-year Treasury auction, it still couldn't get through. The 2 bps tail at the 10-year sale would usually lead to US dollar buying, especially on that cross but instead it indicated that buying interest was running dry.With that, the pair sagged slightly and the US dollar lost momentum. Even in bonds, the selloff stopped after the sale with 10s un... Read More

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Dollar

Stalls

Despite

Tail

10 Year

Sale

10 year

Forex

Posted: Jun 12 2023, 17:37

Author Name: forexlive

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