Technical Analysis

USD/JPY stays underpinned as weaker bond yields weigh on the yen

Japanese bond yields fall to their lowest levels since late 2016


The yields story is back in FX market as that is helping to contribute to the dollar demand seen so far to start the day. USD/JPY continues to inch higher as price now reaches 111.60 levels, moving past the key daily moving averages.

Risk sentiment remains rather tepid to start the day but should equities and Treasury yields inch higher later, just be wary of a potential move in USD/JPY to test the 112.00 handle again; where key resistance and offers currently lie.

Here’s a look at Japanese bond yields across the curve:

JPY yields 10
JPY yields 30
JPY yields 40

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