The US Dollar continues to consolidate against the yen, as we are essentially taking a bit of a break at this point. However, the trend remains very much intact and bullish. I am a buyer only at this point.
The Aussie dollar continues to see a lot of nonsensical movement, as there isn’t any real direction that the market seems to be following. With this, we need to look at this pair as one that is short-term only at best.
The yield on five-year Treasurys on Tuesday rose to near four-week highs.
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