USD/JPY fails to hold above 135.00 on the day

The jump higher in the dollar after the US jobs report on Friday was encouraging but there still needs to be more in order to vindicate a return back to the year’s highs for the greenback. For now, the price action today suggests that market players are not convinced and USD/JPY tipping back below 135.00 is but a testament to that.

While buyers managed to recover well from a drop towards 130.00 last week, the rebound here isn’t suggestive of a return towards 140.00 yet either. For that, the bond market needs to play ball and for now, that isn’t quite the case. 10-year Treasury yields are down 4 bps today to near 2.79% upon encountering resistance at the 100-day moving average

Ethan Andrews

Learn More →

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.