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US yields slip again- USD/JPY hits session lows
The US bond markets will be closed on Monday for the Columbus Day holiday. The NYSE and Nasdaq will be open though, but the focus here right now is on those US yields. They have just slipped. The 10 year note has now fallen below 4.30% and that has helped to push the USD/JPY to a fresh session low a moment ago. The USD/JPY has just dipped below 152.30. That fall has allowed the EUR/USD and the GBP/USD to lift off their earlier lows and reverse a more general dollar bounce seen earlier. The drop in the USD/JPY has pushed back a little closer to its 200 day moving average, in place this morning at 151.68. That remains a key level on the downside today and one that the dollar needs to hold, in order to resist a deeper relapse. The low seen so far has been set at 152.27. It is right now at 152.39
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