Correction in the US Treasury market | 10 Octubre 2023

USDJPY trading plan:

Top ranking Federal Reserve officials indicated that rising yields on long-term U.S. Treasury bonds could steer the Fed from further rate increases. Fed Vice Chair Philip Jefferson said the central bank could "proceed carefully" in deciding whether any further increases are warranted. Treasury yields - which move inversely to bond prices - have recently surged to their highest levels in more than a decade-and-a-half on concern the Fed would keep rates higher far longer than previously expected, in addition to worries over rising U.S. debt levels. The climb in yields has battered stocks, with the S&P 500 off some 7% from its late-July high.

Investment idea: range 148.40 -149.30.