The US Dollar continues to rise against the yen, as the market is likely to continue its momentum as the interest rate differential is a major driver of what is going to be the action of traders going forward.
The Aussie continues to pressure the upside overall at this point, but still has to deal with a major resistance barrier just above current trading levels. I suspect we are going to finally see some conclusion soon.
Chalk up another landmark in Japan's retreat from super-easy monetary policy: Benchmark yields on government bonds could soon top 1%. + Ten-year Japanese bond yields reached 0.966% on Tuesday. + That put them on course to beat a recent peak hit in November, of about 0.
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