• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Japanese Yen Slips to Four-Year Low as Treasury Yields Soar

October 20, 2021 by Forex Winner Leave a Comment

Japanese Yen Slips to Four-Year Low as Treasury Yields Soar

Source: Reuters

The Japanese yen slipped to a four-year low against the dollar on Wednesday, as the benchmark Treasury yields climbed to a five-month high. JPY is down 0.11%.

  • The dollar appreciated against the Japanese currency to as high as 114.585 yen, the first time it hit the level since November 2017.
  • The 10-year Treasury yields climbed to a fresh five-month high at 1.6630% in Asia, driving appetite for Japanese investors.
  • Researchers believe that risk sentiment remains in the ascendancy, with markets realizing that central banks are getting ahead of the Fed rate hike.
  • The dollar index was almost unchanged at 93.822 from Tuesday when it dipped 0.2% to its lowest level for the month at 93.501.
  • Other researchers say the latest movement is a momentum play and timing the pullback in JPY crosses.
  • They believe it is unlikely to see a rush to cover JPY shorts anytime soon in the dynamic.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Forex King EA Review

May 22, 2023 By Forex Winner

exness

Exness Review

September 10, 2019 By Forex Winner

SN Forex Signals Review

May 12, 2023 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure