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USD/JPY climbs after poor US Treasury auction

USD/JPY has gotten a lift after the US Treasury had to pay more to borrow at today's 10-year auction.

The notes sold at 4.140% compared to 4.106% in the moments before the auction in the WI market. Since the sale, on the run 10s have continued higher to 4.163% and that's helped to lift USD/JPY to 146.39.

BMO described the sale as "very soft" and noted a weak indirect bid. Tomorrow is the October CPI report and the weak demand for bonds could reflect apprehension about the numbers... Read More

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Usd

Jpy

Climbs

After

Poor

Treasury

Auction

Usd jpy

Forex

Posted: Nov 9 2022, 18:26

Author Name: forexlive

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