USD/JPY is steady in the Tokyo open today following a choppy last day of Japan’s financial year as the US dollar dropped.
USD/JPY is trading at 110.70 having travelled between a low of 110.65 and a high of 110.80.
As measured by the US dollar index, the price fell to a low of 92.98 and then rebounded to around 93.20.
US treasury yields continued to climb on the last day of the quarter following the announcement of President Biden’s $2.25trn infrastructure spending plan.
In any case, the 2-year government bond yields rose from 0.14% to 0.16%, the 10-year yields climbed from 1.71% to 1.75%.
Now, the focus turns to this Good Friday's US jobs numbers.
13 Apr 2021 10:30 AM
Gold was unchanged today as investors kept to the side lines ahead of U.S. inflation data that is projected to shed more light on recovery in the world's largest economy.
13 Apr 2021 07:40 AM
Find out why is the Dollar trading near its 3-week low?
12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.
12 Apr 2021 02:54 PM
Pound bounced back from 2 month lows and traded around 1.3750 amid timid US Treasury yields capping Dollar’s gains.