fbpx

Yen continues to firm as Treasury yields fall further on the session

US 5-year yields fall to a record low of 0.255%

Meanwhile, 10-year yields are seen lower by 2 bps to 0.558% and that is weighing across yen pairs as the bond market is looking to make waves towards the end of the week.
As warned earlier, this is one spot to watch ahead of the weekend as a break below the floor of around 0.54% to 0.56% in 10-year yields could lead to a fresh wave of bids in the yen – especially if USD/JPY slips back under the 106.00 handle as well.

Source: Technical analysis

Share this post

Comments (19)

Leave a Reply

Your email address will not be published. Required fields are marked *

User Agreement

Day Finance is an educational site and a platform for exchanging Forex information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense.
Terms And Conditions