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FXStreet (Córdoba) - As the US dollar jumps across the board, USD/JPY broke above 106.00 and printed a fresh multi-year high at 106.07. Afterwards pulled back and it was trading around 105.85, headed toward the strongest close since September 2013.
The pair was rising as stocks in Wall Street declined further, with main indexes down 0.30% on average. US bond yields were rising, but still holding below monthly highs.
“Looks to me that the strong dollar is pulling US yields up rather than the reverse, as is usually the case. USD/JPY made strong gains despite yields falling this morning and those gains only intensified as yields reversed early losses”, said Jamie Coleman from FXBeat.
