Home Forex News Yen Remains Weak Amid Higher US Yield

Yen Remains Weak Amid Higher US Yield

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Meanwhile Yen fell sharply amid higher US yield. Overnight US Treasuries sold off for a fourth day, sending yields higher, following a record $26bn auction of 30-year bonds that saw lethargic demand. The department offloaded the debt at a yield of 1.4 per cent, up from 1.33 per cent at its previous auction. The 10-year note saw less movement, with yields higher by roughly 8bp to 0.71 per cent.

TREND : WEAK BEARISH

Time                                      :           14/08/2020

Pivot                                      :           106.88

Technical View                     :             LONG ABOVE 107.08

Target                                   :            107.28, 107.41, 107.68

Technical View                     :             SHORT BELOW 106.68

Target                                   :            106.54, 106.48, 106.36, 106.17

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