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US Treasury yields edge higher but USD/JPY not buying into that yet
Since earlier today the US treasury yields have pressed a bit higher. So, right at this very minute the US 10 Year yield is nudging 4.10% and the 2 Year is close to 4.05%. Perhaps more usually under such circumstances the USD/JPY might be nearer the top end of the range on the day, rather than towards the bottom end of it. Well, it is right now camped below the 149 handle and it seems obvious this is because no one wants to grab the dollar too aggressively ahead of the CPI report, in case it is the wrong course of action. The high in the USD/JPY earlier today was set at 149.55. The low is at 148.78 and the dollar is right now trading at 148.98 as it waits for that all important CPI data to drop across the screens at 12.30pm GMT
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EUR/USD takes out 1.0800 again
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S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
