Dollar Shows Firmness in European Morning Trade with USD/JPY Above 150
Tuesday, 19 March 2024, 08:43
USD Strengthens with USD/JPY Trading Above 150 in European Markets
With USD/JPY pushing above the 150 mark, it is also underpinning the dollar in general so far. The greenback is trading to its best levels today across the board, benefitting from the market sentiment today.
Key Highlights:
- EUR/USD: Down 0.2% to 1.0848, falling past its 100-day moving average of 1.0863, eyeing 200-day moving average at 1.0838.
- USD/JPY: Up 0.8% to 150.37, staying underpinned near the daily highs with strong technical support.
- AUD/USD: Down 0.7% to 0.6513 with sellers eyeing the 0.6500 mark next.
The USD finds comfort from higher bond yields, notably the 10-year Treasury yields at 4.32%, close to the yearly high of 4.35%, impacting USD/JPY's downside momentum after the BOJ's policy move today.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.