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The greenback is retaining on the softer facet as we glance in direction of European buying and selling in the present day, with a few notable main foreign money actions already to start out the brand new week. The antipodeans specifically are making first rate strides, with AUD/USD hoping to safe a agency breakout above 0.6500 specifically. However by way of general greenback sentiment, USD/JPY continues to be the driving power because the pair now dips again below 149.00 to check three-week lows:
USD/JPY vs US Treasury 10-yer yields (%)
The 30 October low at 148.80 is one to observe on the day by day chart however amid the current plunge in yields, there is likely to be extra correction nonetheless for USD/JPY to go this week.
Elsewhere, EUR/USD is buying and selling up 0.2% to 1.0930 – its highest for the reason that finish of August – and looking out in direction of 1.1000 probably subsequent.
It is a common retreat for the greenback and up to now in the present day, we’re choosing issues up from the place we left off from final week.
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