Dollar-buying is suddenly intensifying towards the beginning of NY. In reaction to St. Louis Fed President Bullard, who said monetary policy is not yet in a sufficiently restrictive range, policy rules suggest a 5-7% interest rate range. The 10-year U.S. Treasury yield jumped to 3.77%. USD/JPY hits 140.52 level high. EURUSD made new lows at 1.0315 level, GBP/USD at 1.1785 level and AUD/USD at 0.6636 level.
With this, US 10-year and 2-year Treasury yields are on the rise. Buy USDJPY earlier, which is easy to link with this.
