Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/JPY advances to 108.70 as 10-year US T-bond yield climbs above 1.8%

  • Risk-off flows soften as markets wait for US Pres. Trump's statement.
  • 10-year US Treasury bond yield continues to recover early losses.
  • US Dollar Index clings to gains above 97 ahead of ADP data.

After dropping to its lowest level in nearly three months at 107.64 during the Asian session as reports of Iran launching missile attacks on US bases in Iraq forced investors to seek refuge, the USD/JPY erased its losses and moved sideways below 108.50 during the first half of the European session.

With risk-on flows returning in the last hour, the pair advanced to a fresh daily high of 108.76 and was last seen trading at 108.65, adding 0.2% on a daily basis.

Risk perception likely to continue to drive markets

Reflecting the recovering market sentiment US stocks futures turned positive on the day and the 10-year US Treasury bond yield rose above 1.8% to retrace the daily slump. The fact that there were no major developments surrounding the conflict between the US and Iran suggests that investors may be adjusting their positions while waiting for US President Trump's statement. Having said that, further escalation of the geopolitical tensions could trigger another wave of risk-aversion.

In the meantime, recovering T-bond yields seem to be helping the greenback find demand as well. Ahead of the ADP's private sector employment report, the index is up 0.15% on the day at 97.10, helping the pair preserve its daily gains.

Technical levels to watch for

 

EUR/USD Technical Analysis: Persistent weakness could visit the 55-day SMA

EUR/USD trades on the defensive for the second session in a row. Losses are expected to pick up pace following the breakdown of the 200-day SMA in the
Read more Previous

EU's von der Leyen: Not enough time for a full new EU-UK partnership deal by end 2020

There is not enough time to complete a full new partnership deal between Britain and the European Union by the end of 2020, European Commission Presid
Read more Next