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USD/JPY skids as US yields fall

USD/JPY skids as US yields fall
The mood has worsened in markets, led by tech stocks. US 10-year yields are at the lows of the day, down 5.9 bps to 3.51%. In turn, the dollar is under broad pressure with USD/JPY giving back about two-thirds of today's gain.At times, risk aversion weights on cable but that's not the case today as it hits a session high. Similarly, the euro is now up 45 pips to a high of 1.1033.One of the catalysts for the change in sentiment was a soft Dallas Fed manufacturing survey but I suspect the bigger re... Read More
Posted: Apr 24 2023, 14:50
Author Name: forexlive
Views: 102249

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