Trump trade activity accelerates, as the U.S. 10-year Treasury yield rises, the USD/JPY climbs to the upper 154 yen range.
【11/6Market Overview
Tokyo time, the USD/JPY briefly151.27yen to weaken to, but as news of Trump leading in the U.S. presidential election circulated, the U.S. 10-year Treasury yield rose in after-hours trading, and the dollar/yen rose to103153.12yen. In European trading hours, as Trump’s victory in the U.S. presidential election became more certain, the “Trump Trade (rising U.S. stocks, falling U.S. Treasuries, rising U.S. dollar)” activity intensified.NYtime, the dollar/yen was3hours past, briefly154.69yen,7month30day high sincethen
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