The USD 10-year yield has moved higher with the yield now up 15 basis points at 4.541%. For the week, the yield is up 53 basis points on the week alone. That is the largest 1 week gain since the 1980s (The lower scale on the chart above is the basis point change for the week).
Despite the gains in yields, the USDJPY traded higher and lower for most of the week until sellers took more control in trading today. However, after the decline has moved down to a support area between 141.64 and 141.942, the fall slowed and buyers have stuck a toe in the water.. The low price reached just above the high of the swing area at 142.04. The price has bounced.
The next upside target comes near the 144.45 area. Move above that level and that could be additional short covering in the pair.Absent that, and the sellers are still more in control.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us 10 year is up 15 basis points helps usdjpy bounce was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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