There appears to be a little bit of pushing and pulling in markets in the intervening time, and I might say that one thing’s gotta give in due time. The greenback is generally decrease throughout the board, with it solely gaining towards the Japanese yen at this time. That comes as Treasury yields are pushing again increased on the session with 10-year yields now up 4.3 bps to close 3.95%.
USD/JPY vs US Treasury 10-year yields (%) hourly chart
Elsewhere, the greenback is down towards the European currencies as famous here and in addition down simply barely towards the commodity currencies. USD/CAD is down 0.3% to 1.3318 whereas AUD/USD is up 0.2% to 0.6740, although the latter has massive possibility expiries at 0.6755 to deal with as nicely.
It’s a little bit of a combined bag as equities are barely increased however bond yields as nicely, then you definately couple that with the motion in main currencies above. It looks like merchants are looking for some solutions on the week however for the day itself, there are some conflicting convictions. I reckon it’ll be all about where the data takes us within the closing phases this week it will appear.
