Japan’s data is strengthening and Australia’s is weakening, yet AUD/JPY keeps rising — because the cross is trading on the global yield backdrop and carry differential, not on either country’s local fundamentals.
The post Japan’s Data Is Strengthening as Australia’s Weakens. Why Is AUD/JPY Rising? appeared first on ActionForex.
On 19 August, the US Treasury announced that it would double the volume of long-term government bond buybacks. The measure led to a noticeable decline in yields at the longer end of the curve and Read more…
Markets The US Treasury curve bear steepened yesterday, with yields rising by 2.5 bps (2-yr) to 5.7 bps (30-yr). The move almost fully reversed the temporary relief by the US Treasury’s announcement to upscale liquidity Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Storage that can work in any Read more…