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US treasury yields continued at 10-month highs

US treasury yields continued at 10-month highs | 12 January 2021

12 January 2021, USD/JPY

US treasury yields continued at 10-month highs

USDJPY trading plan:

Benchmark Treasury yields continued at 10-month highs as investor prepare for higher government spending under the incoming Joe Biden administration. Money markets are also increasingly betting on higher interest rates from 2023. This is a positive signal for the US currency. Three regional Fed Presidents - Richmond's Tom Barkin, Atlanta's Raphael Bostic and Dallas' Robert Kaplan - all hinted more or less clearly that the 'tapering' of bond purchases could begin toward the end of 2021. The US Federal Reserve wills double purchases of Treasury bonds today. This is a negative factor for the dollar.

Investment idea: range 103.75 -104.50.

David Johnson
Analyst of «FreshForex» company
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