10-year Treasury yields stick to the bounce after running into key technical juncture

The bounce in yields is what is arguably leading the rest of the broader market moves in the last few sessions. 10-year yields are holding at the key technical juncture, maintaining a bounce off its 200-day moving average (green line). In turn, that is helping the dollar to find a bit of a footing as it claws back the losses from Wednesday.

USD/JPY especially has recovered quite strongly by over 200 pips in the last two days to near 156.00 now.

It’s definitely a check back for risk assets as well. European indices are now down around 0.4% to 0.6% on the day while S&P 500 futures are also down 0.1%.

This article was written by Justin Low at www.forexlive.com.