The US yields have moved higher with the 10 year up 5.7 basis points at 4.494%. The two year is up five point basis points or 4.266%.
Dow is down -0.12%S&P is down -0.19%NASDAQ index down -0.48%.
The USD is struggling with direction with the news today:
EURUSD: -employment high reached 1.0411, while the low touched 1.0348. Positioned between these levels, the 100-hour moving average (1.0365) and 200-hour moving average (1.03758) serve as key technical markers. Following the Michigan data release, the price dipped to 1.0374, testing the 200-hour MA, before rebounding modestly to 1.0384. These moving averages remain pivotal in determining the next directional bias—above them favors bulls, while below signals further downside risk.USDJPY: Despite stronger jobs data and higher inflation from the University of Michigan report (and higher yields), USDJPY remains below its key 100- and 200-day moving averages (152.60–152.73). Currently trading at 151.44, the pair hit a fresh low of 150.952, its lowest since December 10, before quickly rebounding. A modest support zone between 151.19 and 151.34 is attempting to hold, keeping the pair in a cautious consolidation phase. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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