Sliding US bond yields are keeping pressure on USD/JPY with US ten-year bond
yields dropping to fresh session lows of 4.686%, well down from 4.75% earlier
this morning. Stops under 119.00 have been triggered with a low of 118.92
reported so far. More stops lie under 118.80.
Traders note that a US bank that recommended shorting EUR/JPY yesterday, exited
the EUR leg of the cross today on the back of EUR/JPY gains and recommended
remaining short USD/JPY. This is adding to current selling pressure.
[ 本帖最后由 ForexGG 于 2007-4-17 10:52 编辑 ] |