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The greenback is discovering little reprieve in European buying and selling, even when the market temper is seemingly extra tentative. USD/JPY has now fallen to contemporary lows since mid-August because the pair drops beneath 134.00 as sellers threaten to take out the 200-day transferring common (blue line), seen at 134.49.
That may be a key degree on the charts as a break beneath that paves the best way for a possible push in direction of 130.00 subsequent for the pair, with there being little assist in the best way.
The drop comes as we begin to see Treasury yields inch in direction of the lows yesterday, with 10-year yields now seen at 3.517% – nearing its personal 100-day transferring common at 3.48%.
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