That is arguably one of many extra ominous indicators for greenback sentiment, even when the buck is considerably holding steadier since buying and selling yesterday. 10-year yields are again up by over 4 bps to three.46% however stays under its 100-day shifting common (pink line), seen at 3.49% (or 3.47% on some charts).
Maintain under that and there’s scope for yields to fall additional, and that will not bode properly for the buck as such. For now although, the slight bounce in yields helps with USD/JPY up 0.3% to 137.00 as worth contests the 200-hour shifting common at 136.98 at the moment.
Moreover US jobless claims at the moment, there is not a lot by way of information for merchants to work with. As such, simply be cautious of the developments above. What may the bond market be signaling? It is a robust one however Adam supplied some meals for thought right here.
