The 10-year yield has moved back to the upside with the yield back above 4.0% and up to 4.05%. The high reached 4.10% soon after the jobs report, and then fell sharply to 3.955% at session lows, before starting it’s move back to the upside. Below 4% being rejected.
Now with the yield moving back above 4.00%, the rise is leading to putting the other markets in motion as well
- Stock indices have now all moved into negative territory
- USD has moved higher.
- The EURUSD is back below the 100-hour MA and is testing the 50% of the December trading range at 1.0931.
- The USDJPY is looking to test the Dec 19 high at 144.938 (trading at 144.88).
- The GBPUSD which raced above the 200-hour MA at 1.27075, and up to a high of 1.2770 is back down retesting the 200-hour MA.
This article was originally published by Forexlive.com. Read the original article here.