USD/JPY rebound a brief one as lower yields weigh

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USD/JPY rebound a brief one as lower yields weigh

Whatever the story may be, USD/JPY price action will still be very much driven by the bond market. And with 10-year Treasury yields down nearly 10 bps to 3.721% at the moment, that is weighing on price more than anything else today.

The pair caught a rebound briefly on the headlines here but has now quickly fallen back to 140.20 on the day. There is a relatively minor support around 140.15 in the near-term but the key one to watch is still the 140.00 mark for now. Sellers will have to breach that to reaffirm any turnaround in sentiment for the pair.

                This article was written by Justin Low at www.forexlive.com.

Source: USD/JPY rebound a brief one as lower yields weigh

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