U.S. Treasury yields rose | 05 January 2022

05 January 2022, USD/JPY

U.S. Treasury yields rose

USDJPY trading plan:

U.S. Treasury yields rose for a second trading session in 2022, reflecting risk appetite that saw two of Wall Street's main indexes touch record highs. Futures on the federal funds rate priced in a roughly 66% chance of a quarter percentage-point tightening by March, with investors fully pricing that scenario by May. The heavy corporate issuance continued to undermine Treasury prices. Dealers underwriting the bond deals have to sell Treasuries to lock in the rate for borrowing costs. This is a positive signal for the dollar.

Investment idea: buy 115.70 and take profit 116.65.

David Johnson
Analyst of «FreshForex» company
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