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