The yen’s woes continue, as the US dollar continues to beat up on the Japanese currency. The main catalyst behind the recent strength of the US dollar has been the recent rise in US Treasury yields. While the 10-year bond climbed to 1.60% earlier on Monday, 30-year bonds has rose to 2.31%. The Japanese yen [...]
The yellow metal is on a bearish trend as the control after Fed Chair Jerome Powell downplayed the recent turmoil in the bond market. Powell said that the recent bond market will create nervousness which disappointed markets and triggered a renewed uptick in the US dollar alongside the Treasury yields. After that Gold and stocks [...]
The dollar hit a seven-month high on Thursday as an orderly rise in U.S. Treasury yields lent support before speech by Federal Reserve Chairman Jerome Powell that may determine the trend for global bond markets and currencies. Investors seem to boost bets on U.S. growth and inflation as the government prepares new fiscal stimulus, and [...]
USD/JPY has been trading in uptrend after following a series of domestic data events and action on Wall Street. There was a good rally in the greenback and again in Asia due to the pace of the sell trend in US treasuries that has increased sharply even though there was a dovish comment from the [...]
