The USDJPY is moving back toward its low for the day as yields move lower. The 2-year is now down -7.3 basis points at 4.286%. The 10 year yield is down -6.9 basis points at 4.072%.
Looking at the 4- hour chart, the move lower has price testing the high of a swing area at 149.65. The low of that swing area comes in at 149.20. The swing area dates back to February and March 2024.
This article was written by Greg Michalowski at www.forexlive.com.
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