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US Treasury 10-year yields (%) each day chart
The notable growth within the bond market this week is the break of the 100-day shifting common (pink line) in 10-year Treasury yields. That’s setting off an additional rally in bonds now, with yields sliding additional forward of European morning commerce at this time. In flip, anticipate that to maintain the stress on the greenback – particularly in USD/JPY.
The foreign money pair is now down 0.3% to 147.00 and is contesting its personal 100-day shifting common at 146.96. A break under that can see the pair fall under both of its key each day shifting averages for the primary time since Might this 12 months. And that is an enormous technical sign that’s arguing for additional greenback weak spot in the mean time.
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