The Japan ese Yen softened on Friday as BoJ’s Ueda faced questions in parliament. The Yen is trading flat for the week, unable to hold on to gains against the Greenback. The US Dollar Index extends recovery for a second day after Wednesday’s meltdown. The Japan ese Yen trades flat for the week, posting a second day of losses against the US Dollar on Friday.
5% chance that rates will be 25 basis points lower than current levels. The benchmark 10-year US Treasury Note trades around 4.39%, and hovers near the lower levels for this week. The benchmark 10-year Japan Treasury Note trades around 0.949%, and is just a touch below the high of this week at 0.957%. USD/JPY Technical Analysis: Dollar buyers are sitting where they are The USD/JPY pair still has some room to go, with buyers who bought at that 153.
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