Monday, 2 August 2021

USD/JPY Eyes July Low with US Yields Under Pressure Ahead of NFP Report

USD/JPY appears to be on track to test the July low (109.06) ahead of the US Non-Farm Payrolls (NFP) report as longer-dated US Treasury yields come back under pressure.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...