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May 09 - 08:55 PM

USD/JPY - Pares Gains On Risk Aversion And Lower US Yields

By Krishna K  —  May 09 - 07:05 PM
  • USD/JPY closes 0.15% lower Mon after failing to sustain rally to 20-yr high

  • Drops from 131.35 high as UST yields ease after hitting 3-1/2 year highs

  • U.S. 10-year yield down 11bps at 3.0340 after rallying to a high of 3.2030

  • Bond market & JPY sell-off pause on rising risk aversion; S&P 500 falls 3.2%

  • 128.50-131.50 consolidation likely as global growth concerns dominate

  • Fed-BOJ monetary policy divergence limits downside; Tue range 130.33-130.57

  • Resistance 130.80-90, 131.25-35, support 130.00-10, 129.55-65

  • For more click on FXBUZ


G4 central bank rates over 20 Years: Click here

Source:
Refinitiv IFR Research/Market Commentary

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