Markets Core bonds drifted away again yesterday. In the US, Treasuries reversed Tuesday’s (disappointing) PMI-induced spike higher. Weakening demand and a slight tail at the US Treasury’s record $70bn 5-yr Note sale kept UST’s near intraday lows going into the close. The longer end of the curve underperformed with the front end locked in the […]
The USD/JPY pair fell to its lowest level in a month during today’s Asian session, dropping below 155.5 yen per US dollar for the first time since 19th December. As Reuters reports: → The yen’s strengthening was driven by hawkish comments from Bank of Japan (BOJ) Governor Kazuo Ueda, which prompted markets to bet on […]
The post USD/JPY Hits One-Month Low appeared first on Action Forex.
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