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USD/JPY closes in on the highs for the year, building from the Friday rebound

After the US jobs report on Friday, it looked like USD/JPY was set for a break lower in a drop below the 145.00 mark. However, a major turnaround in the bond market helped to drive yields higher and was a saviour for USD/JPY buyers. The pair closed higher at the end of last week above 146.00 and is now in the hunt for a third straight day of gains.This comes as Treasury yields are once again pushing higher, with the bond market returning to play after the long weekend. 10-year yields are up 5.1... Read More

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Building

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Friday

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Usd jpy

Forex

Posted: Sep 5 2023, 10:45

Author Name: forexlive

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