The increase in US government bond yields | 03 Mei 2021

03 Mei 2021, USD/JPY

The increase in US government bond yields

USDJPY trading plan:

The yield on the 10-year Treasury note hit a two-week high. Aside from consumer spending, a rash of US economic data, from inflation to homebuilding, house prices and employment, have exceeded forecasts lately, boosting hopes for faster-than-expected recovery from the COVID-19 pandemic. The government's generosity and expansion of the COVID-19 vaccination program to include all American adults is lifting consumer spirits, with a measure of household sentiment rising to a 13-month high in April. Wages are also increasing, which should to help to underpin spending when stimulus boost fades.

Investment idea: buy 109.27 and take profit 109.75.

David Johnson
Analyst of «FreshForex» company
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