The US Dollar climbed against the Japanese Yen despite a two-basis point drop in the US 10-year bond yield to 1.61%. Risk appetite was overall positive which provided the lift for the USD/JPY pair. The overnight high was at 114.31 but eventually found support at 114.00.
The Japanese yen has opened the week on a soft tone on the back of a moderate appetite for risk with quarterly earnings reports triggering advances in the world’s major equity markets.
Looking forward, the US will release their monthly Durable Goods Orders, from Canada the Monetary Policy report will be released and later on the always important Crude Oil Inventories.
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