The 10 year yield is now down -7.3 basis points at 4.357%. The 30 year is down -8.1 basis points at 4.918%. Last week recall the 30 year traded as high as 5.07%.
The decline in yields is helping to continue to push the US dollar lower.
EURUSD: The EURUSD is pushing higher, trading above and extending away from its 200-hour moving average, currently at 1.16567. The bullish momentum is bringing the pair closer to a key swing area near 1.1691—a level that served as a pivotal pivot point between April and November 2021, when the pair oscillated around it before initiating a major decline toward 0.9535. After reclaiming that area on June 26, EURUSD briefly fell back below it last week. Now, buyers face a critical test: can they not only reach but hold above the 1.1691 swing area to solidify bullish control?
USDJPY: USDJPY has broken below its 200-hour moving average, shifting the near-term bias to the downside. After initially falling beneath the level, the pair briefly retested it at 147.703 before rotating lower to a new session low. This price action now establishes the 200-hour moving average as a key resistance level. As long as the pair remains below it, the short-term outlook leans bearish. The next support comes into play near 146.86—the double bottom from last Monday and Wednesday—followed by the 38.2% retracement of the July 1 rally at 146.704, which serves as another downside target if bearish momentum builds.
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This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usd continues its move to the downside 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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