USD/JPY consolidates the week-start gains by printing mild losses around 146.00 heading into Tuesday’s European session. That said, the Yen pair justi
fies the market’s fears of the hawkish Bank of Japan monetary policy, as well as the downbeat sentiment.
On the other hand, the US 10-year Treasury bond yields refreshed the highest level since November 2007 earlier in the day to 4.36% before easing to 4.34% at the latest. Furthermore, China’s efforts to defend the post-COVID economic recovery, via a slew of stimulus measures, fail to impress market optimists and exert downside pressure on the risk profile, which in turn allows the Yen to cheer the traditional haven status.
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