US yields are moving higher and helping to push the USD back to the upside

US yields are moving higher and it is leading to a back to the upside in the US dollar:

• 2 year yield is at 4.064% up 5.6 basis points.
• 5year yield is at 3.566% up 4.7 basis points
• 10 year yield is at 3.448% up 3.4 basis points
• 30 year yield is at 3.635% up 0.9 basis points

Looking at the major currencies Currencies Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Read this Term:

• EURUSD: The EURUSD is reversed back to the downside and is retesting its 100 and 200 hour moving average is near 1.0898 – 1.0899. The current price trades at 1.0900. It will back below the moving averages would tilt the short-term bias back to the downside. The high prices today stalled within a swing area between 1.0925 and 1.09438.

• USDJPY: The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term has moved back above its 100 day moving average 133.399 and looks toward the 50% midpoint of the move down from the March high at 133.769. The high price for the day just reached 133.706

• GBPUSD: The GBPUSD has moved below its 100 and 200 hour MAs at 1.24274 and 1.24161 respectively. The buyers had their shot and those buyers tried to hold support in the US session, but sellers have cracked the price back below the moving average levels tilting the short-term trading bias back to the downside.