USD/JPY bears flirt with 135.50 as bond market expects BOJ to surrender YCC

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

USD/JPY bears flirt with 135.50 as bond market expects BOJ to surrender YCC By anilpanchal7 USDJPY Bonds Inflation BOJ Fed

Foreign investors wager against Japanese Government Bonds but domestic buyers weigh on yields.US PMIs for June, Powell’s Testimony 2.0 will be important catalysts.licks its wounds near intraday low, at 135.50 during Thursday’s European morning. The yen pair’s latest weakness could be linked to the mixed PMI data from Japan, as well as on chatters that the Bank of Japan’s Yield Curve Control policy is under threat.

It’s worth noting that the downbeat performance of the US Treasury yields, recently pressured around 3.15%, also weighs on the USD/JPY prices. It should be noted that the US 10-year Treasury yields dropped the most in one week the previous day, poking the fortnight low of late.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines