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USD/JPY looks for further upside correction on higher yields
The dollar is running hot today as it is underpinned by higher bond Treasury yields, with 10-year yields in the US moving back up above the 4% mark. That is a signal of intent by the market, in pricing in a more aggressive Fed for the months ahead. That is resulting in USD/JPY being up 0.5% to 136.80 levels and now testing the boundaries of its 100-day moving average (red line) at 136.75.
The 200-day moving average... Read More
Posted: Mar 2 2023, 07:37
Author Name: forexlive
Views: 082254