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Focus Turns to Yen Selling as Treasury Yields Surge

Yen selling takes center stage today, following strong rise in global treasury yields. In particular, US 10-year yield is trading at 0.99 at the time of writing, after hitting 1.037 earlier. Dollar remains generally pressured, and even the recovery against Yen is weak. The surprised contraction in ADP employment is definitely not giving the greenback […]

The post Focus Turns to Yen Selling as Treasury Yields Surge appeared first on Action Forex.

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