European Forex news roundup: USD/JPY falls from highs as Treasury rates remain unchanged
The latest forex news from the European market session on January 5, 2022.
The market is still contemplative as we await US ADP statistics and the FOMC meeting minutes later today.
European stocks are holding steady with modest increases, while US futures are more subdued. With Nasdaq futures down 0.5 % on the day, technology is the loser.
Aside from that, the selloff in Treasuries is paused at a vital moment. Ten-year rates are stalling at important resistance from the recent wedge, causing the USD/JPY to fall as well. The former has fallen marginally to 1.654 % , while the latter has fallen from 116.00 to 115.65 on the day.
Meanwhile, the dollar is more mixed on the day, trading slightly lower against the euro and the Australian dollar. The Canadian dollar, on the other hand, is the laggard in the major currency sector, with USD/CAD rising a smidgeon to 1.2720-30.
Markets News :
- JPY leads, CAD lags on the day
- European equities higher; S&P 500 futures down 0.1%
- US 10-year yields down 1.3 bps to 1.654%
- Gold up 0.1% to $1,817.16
- WTI up 0.2% to $77.75
- Bitcoin flat at $46,430
Top 10 most mentioned stocks on the WallStreetBets over the last 24 hours on January 5, 2022 :
- Advanced Micro Devices
- Affirm Holdings