The sell-off in 10 year US Treasury futures is intensifying pushing yield up above 3.75 and to their highest level since November of last year. The ongoing deficit worries continue to loom large over the bond markets. This has helped Usd/Jpy fill all the selling interest at 96.85/90 and move on to resistance at 97.00 where further selling interest is noted. Above here some stops are likely with 97.20 the next target.
US Bond markets very jittery ahead of NFP’s
Source: www.forexlive.com
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