USDJPY rebounds off 140.90 Momentum indicators suggest more gains in the near term USDJPY stormed higher after penetrating the 200-day simple moving average (SMA) but found strong resistance at the 200-day exponential moving average (EMA), recouping some of last week’s losses. The RSI indicator bounced off the 30 level but is flattening, while the MACD […]
Markets Core bonds gained ahead of a busy week. US yields dropped between 1.9 and 5.3 bps with the long end outperforming. The US Treasury unexpectedly lifted its quarterly borrowing estimate by $41bn compared to its January estimate (cf. infra). While only temporary, the small yield spike it triggered at the long end of the […]
The post Core Bonds Gained Ahead of a Busy Week appeared first on Action Forex.
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