- Advance in Treasury yields propel USD / JPY.
- Par reaches levels above 115.00 and continues with the rally.
- With no impact data ahead, the focus remains on Wall Street and bonds.
The USD / JPY resumed bullish runs on Wednesday, after Tuesday’s break, and rose to 115.03, reaching the highest level since November 26. The pair is hovering around 115.00.
The advance is driven by a rise in Treasury bond yields. The 10-year rate is at 1.49%, very close to the recent peak of 1.50%. For its part, the 30-year tranche is at 1.92%, the maximum in a week.
The yen’s weakness is limited by the fact that equity markets are not prolonging the gains on Wednesday, although they validate recent gains.
Wall Street futures point to a positive open with small gains. While the dollar index (DXY) rises 0.11%, although it moved away from the highs in the last hour.
There will be no US impact data on Wednesday (existing home sales and trade balance) and will continue low volume conditions, which can favor extreme tours.
Technical levels
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