Elsewhere, 10-year Treasury yields are also down by over 11 bps now to 2.794% – the lowest in over two weeks. The drop in yields today is lighting a bid in the yen now with USD/JPY falling to the lows for the day near 137.00 after having held around 137.50-60 levels at the start of European morning trade.
This article was written by Justin Low at www.forexlive.com.
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