USD/JPY Trades In Positive Range

USD/JPY Trades In Positive Range

01 Apr 2021 02:11 PM

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.