JPY/USD is trading lower as the dollar rises amid an increase in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
JPY/USD is trading lower as the dollar rises amid an increase in Treasury yields.
May 29, 2024 | 3:58 pm
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The JPY/USD currency pair is trading lower due to a rise in the dollar, driven by an increase in Treasury yields.
An increase in Treasury yields typically strengthens the dollar, leading to a lower JPY/USD exchange rate. This trend is likely to continue in the short term as long as Treasury yields remain elevated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100