The yield on 10-year Treasuries fell two basis points to 0.74%
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Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is trading above the Kumo. A successful attempt to eliminate the Kijun Sen will confirm the bullish sentiment.
US Market View
Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness, ending his run as the country’s longest serving premier in an announcement that surprised some members of his party. Yen appreciated about 1.3% against the dollar on the news.
The dollar slumped and U.S. equity-index futures gained as the Federal Reserve’s new inflation approach rippled through global markets.
The yield on 10-year Treasuries fell two basis points to 0.74%.
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US Key Point
- Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness.
- The dollar slumped and U.S. equity-index futures gained.
- The yield on 10-year Treasuries fell two basis points to 0.74%.