EURJPY: New developments in the market

Jul 14, 2023

The EUR/JPY pair has bounced back slightly from its intraday low but is still slightly lower around 154.80 as we head into Friday's European trading session. This recovery is due to a small increase in Treasury bond yields and the negative data from Japan. However, trading activity has been slow. The US 10-year and two-year Treasury bond yields have risen slightly to 3.78% and 4.65%, respectively, after hitting a two-week low yesterday. The yield of the Japan Government Bond (JGB) for 10-year has dropped from its 11-week high, while yields from Europe and Germany are awaiting the opening bell.