Home
News
默认头像

USD/JPY pares gains on the day as risk flows weigh

2024-12-30FOREXLIVEFOREXLIVE
The pair is dragged back down all the way to 157.00 as bond yields slide

It is shaping up to be a rather risk averse session in European trading today. Equities are falling across the board and bonds are being bid quite strongly on the session. Of note, France's CAC 40 index is now down over 2% with S&P 500 futures down 0.4% on the day. And 10-year yields in the US are down to 4.21% after having been at a high of 4.27% earlier in Asia trading.

That is all weighing on USD/JPY as risk-off flows come into play. The pair traded to a high of 158.25 following the BOJ policy decision but has now pared all gains to 157.00 on the day.

USDJPY 5M
USD/JPY 5-minute chart

The dollar is holding firmer for the most part despite that though. EUR/USD is down 0.6% to 1.0675 while GBP/USD is down 0.5% to 1.2695 on the day. USD/CHF is lower amid the negative risk mood, down marginally by 0.1% to 0.8930 currently.

Looking to commodity currencies, USD/CAD is up 0.2% to 1.3765 while AUD/USD is down 0.4% to 0.6605 at the moment.

Disclaimers

The article is sourced from Forexlive with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.