- The Japanese yen gains momentum amid lower yields and as stocks move away from highs.
- USD / JPY lateralized during the day, hovering around 109.50 / 55.
The USD/JPY it peaked after the start of the US session and following US economic data at 109.79, reaching the highest level since last Friday. It then turned lower as US yields fell and US stocks slashed gains.
Recently, USD / JPY bottomed at 109.41, and it is moving around 109.50 modestly lower for the day. The USD is mixed across the board, with the DXY flat at 90.10 / 15.
The dollar is moving without a clear trend even after US economic data The CPI (annual) reached 5%, the highest level since 2008, and initial jobless claims fell less than expected, although they reached a new minimum of one year.
Yields initially recovered with the 10-year yield reaching 1.53% and quickly turned lower, approaching the recent low. The drop to 1.48% in the 10-year yield weakened the dollar.
Technical levels
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