Yen Drops Amid Retreating US Treasury Yields

Yen Drops Amid Retreating US Treasury Yields

22 Feb 2021 12:59 PM
 

Yen fell off highs but was above 105.50 amid reflation trades.

The pair fell after the 10 year US Treasury yields retreated from yearly highs and as the S&P 500 futures dropped.

US Treasury yields rose to 1.38% earlier, retreating to 1.37% later in the day.

Going forward, overall risk sentiment and Treasury yields price action will be the key drivers.