The increase in US government bond yields | 03 May 2021

03 May 2021, USD/JPY

The increase in US government bond yields

USDJPY trading plan:

The yield on the 10-year Treasury note hit a two-week high. Aside from consumer spending, a rash of US economic data, from inflation to homebuilding, house prices and employment, have exceeded forecasts lately, boosting hopes for faster-than-expected recovery from the COVID-19 pandemic. The government's generosity and expansion of the COVID-19 vaccination program to include all American adults is lifting consumer spirits, with a measure of household sentiment rising to a 13-month high in April. Wages are also increasing, which should to help to underpin spending when stimulus boost fades.

Investment idea: buy 109.27 and take profit 109.75.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus