- USD / JPY remains under downward pressure, seeking support.
- The yen among the best performing currencies.
USD / JPY extended the decline and fell to 109.53, the lowest level since June 11. The price remains in the area of the lows with a clear downward bias.
US Treasury yields have drifted away from lows in recent hours but this did not serve to support USD / JPY, which extended the decline. The 10-year rate had reached its lowest since February at 1.25%, rebounded to 1.30%, without boosting the pair.
The yen remains firm in the market favored by low yields and risk aversion. The Dow Jones loses 1.40% while the S&P 500 1.45%. The main European squares show even more significant drops. The message of greater tolerance for inflation from the European Central Bank did not serve to stimulate investors for the moment.
Regarding data, there was a slight rise in the initial requests for unemployment benefits, to 373,000. The figures had no impact. The next relevant report will be the inflation data for China.
Technical levels
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