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Higher yields helping to underpin the dollar again in the new week

The bond market was the one dictating the mood among major currencies at the end of last week. And that narrative is continuing today as well. USD/JPY caught a strong bounce on Friday towards 140.00 and is building on that, climbing another 0.3% to 140.39 at the moment:This comes as Treasury yields are moving higher again, with 10-year yields up 4.4 bps to 3.737% on the day. This builds on the momentum from late last week and we can see how that has shifted the curve in Fed funds futures from Fr... Read More

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Higher

Yields

Helping

Underpin

Dollar

Again

Week

Forex

Posted: Jun 5 2023, 07:16

Author Name: forexlive

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