HALISTER1: INSIDE G-10: USD/JPY Pauses, Yields Jump; Lira’s Black Friday

INSIDE G-10: USD/JPY Pauses, Yields Jump; Lira’s Black Friday

(Bloomberg) -- USD/JPY rally stalls just below 114.00 even as U.S. Treasury 5-year yields rise to levels last seen in 2011. USD/TRY climbs to fresh record high as yesterday’s rate hike is seen as insufficient.
  • USD/JPY +0.03% at 113.36, vs 113.19-113.90 range
    • FX pair supported on larger-than-usual Gotobi fixing flows as importers buy dollars, say traders
    • Topix Index rises 0.1%, paring earlier gain of as much as 0.9%
  • AUD/USD +0.36% at 0.7435, vs 0.7401-0.7440 range
    • Aussie dollar strengthens amid commodity gains, with China iron-ore futures approaching highest close since August 2014
  • EUR/USD +0.16% at 1.0571, vs 1.0539-1.0578 range
    • Heavily defended by option-related accounts above 1.0500 level, say traders
  • Brent crude oil futures slip 0.9% to $48.54/bbl; Treasury 10-year yield up 4bps at 2.39%
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Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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