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