- Rise in Treasury yields continues to propel USD / JPY.
- The pair hit highs in almost three months and is testing 111.00.
USD / JPY is rising for the fourth day in a row. Since the FOMC meeting it has not stopped moving forward and recently it reached 110.98, the highest level since early July.
The price remains near the maximum zone, always supported by the rise in the yields of Treasury bonds. The 10-year rate reached 1,497% on Monday, the level last visited at the end of June. The five-year tranche rose to pre-pandemic highs.
The eye on yields
For the rest of the day, the bond market will continue to be the most relevant for USD / JPY, along with what may happen to stocks on Wall Street. Of importance to government titles could be the statements of various officials of the Federal Reserve on Monday, where those of Leal Brainard (Fed governor) and John Williams (New York Fed) stand out, who will be the first after the Fed meeting last Wednesday.
With regard to the economic calendar data, the report of durable goods orders will be published in the US at 12:30 GMT (consensus: + 0.7%) and then at 14:30 GMT the manufacturing index of the Dallas Fed for September.
Technical levels
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