/biz/ - Business & Finance

>At least one bear market rally in global markets looks to be over -- that in the yen. After a brief recovery that lasted just under a month, a fresh wave of selling has re-emerged in the Japanese currency as Treasury yields push higher. The dollar-yen rebounded off a key technical support level -- its 50-day moving average -- and is back heading toward a fresh 20-year high.

>A gauge of momentum in the move -- the relative strength index -- is still in neutral territory, bolstering speculation that the yen could soon hit the closely-watched 135 per dollar level. That would once again heap pressure on Japanese officials to intervene in the currency market, as in the current environment the weak yen is seen as a drag on the economy, rather than a traditional boost.

>Still, much will depend on the path of Treasury yields, which many commentators have suggested have seen a peak. Yen traders will watch closely if benchmark US yields can climb much past the 3% level, which would increase pressure on the Japanese currency -- still the worst of the majors this year.

>>49313911
We must be looking at different markets. What are you referring to? US indices? You are boring. Leverage the fuck up