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Moves In U.S. 10s Boost Sub-Par Asia Activity Late In Day

FOREX

Desks note that Asia-Pac interbank FX volume was roughly in line with (admittedly depleted) recent average turnover.

  • The proximity to the impending NFP release (see our full preview of that event here) provided the explainer for the subdued turnover before the previously covered breach of 4.00% in U.S. 10-Year Tsy yields boosted activity into London hours.
  • BBDXY made a brief and limited showing through year-to-date highs as a result of that breach, while JPY came under pressure.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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