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US and holidays put a damper on trading. USD/JPY lower

US and holidays put a damper on trading. USD/JPY lower
The debt ceiling agreement led to a brief flurry of trading early in the day but much of that has now faded. It is surprising to see USD/JPY 35 pips lower because the flood of Treasury issuance should presumably push yields higher but that may already have been priced in late last week. Prior to today, USD/JPY had risen in 10 of the past 12 sessions so it may have been due for some profit taking and when it opened and ran to 140.90, sellers to the opportunity.Both the US and UK are holiday today... Read More
Posted: May 29 2023, 12:19
Author Name: forexlive
Views: 081463

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