US Yields on the move again What does it mean for USDJPY
US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
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US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
The Canadian CPI print confirmed what the markets had already expected: that inflation continues to rise and will force the BOC to raise rates further.
If the SARB raises rates less than expected or if the statement is less hawkish than expected, the pair may break higher.
Aluminum has been moving lower since fears of a slowdown began to sweep through the markets, and it is bringing AUD/USD lower with it.
The US Dollar Index (DXY) and USD/CHF have a very strong positive correlation.