Mitsubishi UFJ: U.S. inflation data exceeds expectations, yen under pressure as dollar strengthens
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
ChainCatcher news, according to Golden Ten Data, Mitsubishi UFJ analyst Michael Wan stated that after US inflation data came in higher than expected, the Japanese yen became the most pressured currency as the US dollar regained strength. The USD/JPY exchange rate fell to around 157.88, approaching the high set on May 6. The market expects the Federal Reserve to further tighten policy, pushing the 10-year US Treasury yield to its highest level since July last year, and the 30-year US Treasury yield to break above 5%.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Crypto prices
MoreBitcoin
BTC
$71,340.77
-3.02%
Ethereum
ETH
$1,998.82
-2.83%
Tether USDt
USDT
$0.9988
-0.02%
BNB
BNB
$651.65
-4.09%
USDC
USDC
$0.9997
-0.02%
XRP
XRP
$1.02
-3.91%
Solana
SOL
$81.01
-3.49%
TRON
TRX
$0.3152
-0.36%
Hyperliquid
HYPE
$70.37
-3.34%
Zcash
ZEC
$957.24
-1.67%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now