ForexLive European FX news wrap: USD/JPY continues to climb



  • CAD leads, JPY and NZD lag the day
  • European equities mixed; S&P 500 futures up 0.5%
  • US 10-year rates up 4.9 basis points to 2.37%
  • Gold up 0.6% at $1,954
  • Flat WTI at $115.01
  • Bitcoin up 1.4% to $42,974

Selling in the bond market begins again and this helps to support the yen pairs that day.

USD/JPY rose from 121.20 to 121.70 during the session, with the dollar remaining little changed for the most part elsewhere. There are only slight changes among the major currencies, with EUR/USD holding just below 1.1000.

Stocks are mostly holding up with bullish US futures, though European indices are more mixed with little movement seen since the open.

The SNB kept policy unchanged and the Eurozone Purchasing Managers’ Index defied estimates but reaffirmed some softening in manufacturing conditions, especially as inflationary pressures hit new records – now also the pressure on the ECB.

U.S. UI claims will be next, but that won’t distract from the continued focus on yields and FX, Yen at the moment.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.


Friendly bacon buff. Unapologetic problem solver. Avid food lover. Amateur alcoholaholic. Organizer. Student
Back to top button