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CROSS ASSET: The Yen is taking another leg lower

CROSS ASSET
  • US Treasuries are fairly steady, although on the balance the longer end remains under pressure, pushing the curve steeper.
  • The Yen is taking another leg lower across the board, and USDJPY would see the next resistance quite further out, up to 157.71 3.0% 10-dma envelope.
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  • US Treasuries are fairly steady, although on the balance the longer end remains under pressure, pushing the curve steeper.
  • The Yen is taking another leg lower across the board, and USDJPY would see the next resistance quite further out, up to 157.71 3.0% 10-dma envelope.