⚖️💹 USD/JPY Catching Up With Treasury Yields: Cable FX Macro
- Rosbel Durán
- Mar 29, 2023
- 1 min read
Tuesday session saw dollar-yen contained while the U.S. 2-year yield rose by 8 basis points, rates had been offered since Monday as yields extended higher. The 10-year yield increased by 4 basis points, last unchanged points at 3.572%
USD/JPY spot finished the day lower at around 130.90 or down 0.52%. On Wednesday, the pair is seen catching up with U.S. rates as it rises 100p or 0.76% to 131.9 Most of the move was seen during ASIAPAC, however, gains are extending into the EU session
We note 132.30 as intraday resistance, the next level higher could be 133.0.
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