<ul><li>2-year Treasury yields +4.2 bps to 4.241%</li><li>10-year Treasury yields +4.4 bps to 3.561%</li><li>30-year Treasury yields +2.6 bps to 3.676%</li></ul><p style=““ class=“text-align-justify“>This is helping to underpin USD/JPY slightly at the moment, with the pair now up 0.2% to 132.15 from around 131.70 levels earlier in the session. There is still a state of flux among major currencies as broader markets remain more cautious and tentative but bonds are slipping a little on the session, with stocks also holding slightly lower.</p><p style=““ class=“text-align-justify“>All eyes are on the upcoming remarks by Fed chair Powell but as mentioned <a target=“_blank“ href=“https://www.forexlive.com/news/tentative-mood-as-markets-await-powell-20230110/“ target=“_blank“ rel=“follow“>here</a>, we might not even get anything significant from Powell later on. As such, just be wary of that possibility and that could very well cause a turn in market sentiment when Wall Street steps into the fray.</p>

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