Home Forex Trading USD/JPY extends to the best levels of the day alongside equities. 10-year auction next – ForexLive

USD/JPY extends to the best levels of the day alongside equities. 10-year auction next – ForexLive

1 min read
0
0

USD/JPY erases yesterday’s drop

The dip buyers are in charge today as the S&P 500 extends today’s gain to 77 points, or 2.3%. It’s made several marginal new highs throughout North American trading in a steady gring higher after the opening pop.

The gap from yesterday’s open extends to 3428 from the current level at 3409.

USD/JPY has erased the drop from yesterday that started midway through European trading. The pair is now up 23 pips to 106.26. It’s not the most-volatile pair at the moment but I think that however this range plays out takes the market with it.

USD/JPY erases yesterday's drop

The next hurdle will be a Treasury auction of 10-year notes at the top of the hour. US 10s are up 1.1 bps to 0.69% after falling as low as 0.66% overnight. The market has had some trouble swallowing the huge auction sizes lately.

For bank trade ideas, check out eFX Plus

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

FOREX-Dollar hovers near two-month high amid economic, political risks | – Kitco NEWS

(Adds graphic) * Dollar off two-month high after best week in almost six months * Big net …