USD/JPY: 12/05. Bear attack, ENTRY SELL
USD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low.
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home.
USDJPY
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home.
USDJPY
