<p style=““ class=“text-align-justify“>Once again, just when you thought we might be in for a calmer trading today, there just had to be a twist and it now comes right before we get into North America trading. Bond yields are on the retreat with 2-year yields in the US falling to the lows for the day, down 5 bps to 4.08% while 10-year yields are down 10 bps to 3.48%. This is taking USD/JPY down with it as the pair is down by over 100 pips now to 132.50 levels:</p><p style=““ class=“text-align-justify“>The pair has been struggling to get above its 100-hour moving average (red line) earlier today and this is keeping sellers in near-term control, with sentiment in the bond market vindicating the technicals.</p><p style=““ class=“text-align-justify“>Elsewhere, equities are also starting to come under pressure with European indices paring all of its earlier gains and US futures dropping into the red as mentioned <a target=“_blank“ href=“https://www.forexlive.com/news/equities-start-to-run-into-a-bit-of-trouble-20230317/“ target=“_blank“ rel=“follow“>here</a>.</p>

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