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USD/JPY stays under heavy pressure on falling yields

USD/JPY stays under heavy pressure on falling yields

10-year Treasury yields are holding near the lows in the aftermath of the retreat yesterday, sitting around 3.61% today. The drop came after Fed chair Powell's speech, in which he relented on the more aggressive stance - a big change to what he had previously preached at Jackson Hole in August and at last month's FOMC meeting press conference.

As a result, the fall in bond yields has also dragged USD/JPY considerabl... Read More

Posted: Dec 1 2022, 07:16
Author Name: forexlive
Views: 111614

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