Loading...
Loading...
Bullish stocks
I noted the divergence between stocks on and USD/JPY earlier but stock markets have won this round as the S&P 500 remains bid.
USD/JPY has now climbed to the highs of the day at 102.83. That beats yesterday's high by a pip. Along with the series of higher lows, it points to more consolidation. Even the bond market is cooperating as US 30-year yields push higher after a dip to a one-year low earlier on reported Japanese bids.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in