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USD/JPY slides alongside Treasury yields

The US dollar is under broad pressure as Treasury yields decline. The front-end is leading the bid, pushing 2-year yields down 6.7 bps to 4.10% in the second day of declines.USD/JPY has matched those two days of declines with a 60-pip fall today to 133.63.Next week, the USD/JPY trade switches to the other side of the equation with Ueda's first meeting as BOJ governor and speculation about a change in QE.For now though, all eyes are on the bond market as US inflation falls into the rearview mirro... Read More

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Posted: Apr 21 2023, 13:20

Author Name: forexlive

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