4/16/2021 4:26:40 PM GMT
USD/JPY falters as Treasury yields slide, drops 1% on the week.
10-year yield sheds 15 points to Thursday, recovers 5 on Friday.
Excellent US Retail Sales, Jobless Claims provide no immediate dollar support.
Consolidation likely in USD/JPY as markets await initial US second quarter data.
FXStreet Forecast Poll predicts extending USD/JPY weakness.
In a classic case of following the bouncing yields, the USD/JPY sank for the first four days as US Treasury yields saw their steepest losses in a month then rebounded as the credit market reversed on Friday.
From Monday’s close at 1.675% the return on the benchmark 10-year note dropped 15 basis points to 1.530% on Thursday and the USD/JPY descended from 109.66 to 108.78. Friday’s reversal in yield, up six points to 1.59% stabilized the USD/JPY above 108.80 after Thursday’s intra-day dip to 108.61.
Exclusive -- Charlie Hurt: Higher Gas Prices Are Left s Plan to Make Driving Unaffordable
breitbart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breitbart.com Daily Mail and Mail on Sunday newspapers.
US prices will heat up but won t overheat: W House economists | Bangladesh Sangbad Sangstha (BSS)
bssnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bssnews.net Daily Mail and Mail on Sunday newspapers.