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USD/JPY drop stalls but downside bias still intact for now

USD/JPY drop stalls but downside bias still intact for now

Price is slightly higher today as bond yields are keeping a touch higher as well, with 10-year Treasury yields seen up 1.5 bps to 3.814%. It is still early in the day though, especially since we do have US retail sales data coming up later. That will be a key risk event to watch for markets in general.

Despite the slight nudge higher, the downside bias remains very much intact with sellers pinning price action below... Read More

Posted: Nov 16 2022, 09:07
Author Name: forexlive
Views: 110522

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