USD/JPY keeps the red around 135.50 amid weaker yields, US data eyed USDJPY Currencies DollarIndex Technical Analysis Fed
The US dollar clings to recovery gains but Treasury yields retreat. is keeping its corrective downside intact for the second straight day on Wednesday, as bears capitalize on retreating Treasury yields.tightening and energy crisis in China and Europe fuel risk-off flows into the save-haven US bonds, in turn, knocking down the yields across the curve.
Meanwhile, the yen could be drawing support from Japanese Prime Minister Fumio Kishida’s announcement of relaxation of covid border controls starting from September 7. Looking ahead, the US Durable Goods Orders and Pending Home Sales data will be closely eyed before the all-importantFrom a short-term technical perspective, bears have retained control after bulls failed to clear the rising trendline resistance at 137.71 on Tuesday.
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