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US Treasury yields are higher but the USD/JPY is lower- why is that?
Since an earlier update here today the USD/JPY has fallen back and right now it is dropping below 150.25. At the same time US treasury yields are actually higher than when reported here earlier. The US 10 year yield is now 4.36%, where it was 4.33% earlier. So, why is the dollar lower right now you might ask? Well, it seems it is because at the same time Japanese Yields have right now risen by more than their US counterparts. This might explain the drop back in the USD/JPY just now. It is currently trading at 150.22
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