USD/JPY pares early advance as dollar flails after yields setback ...Middle East

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That is certainly keeping things interesting for USD/JPY, with price action now returning back towards the 200-day moving average (blue line) at 143.17. A push back below that will see sellers seize back some technical momentum but it is still early in the day to be calling that to be a given.The greenback is a touch lower across the board today, with commodity currencies benefiting amid a better risk mood. European and US futures are slightly higher, looking to bounce back a little after the beating in the last two days.That comes after a significant development in the bond market overnight, which saw US 10-year yields get rejected at the 4% mark. Yields are now keeping around 3.90%, little

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Last updated : 04 January 2024 clock 10:49 AM

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