The dollar / yen pair continued to rise above 105.00

31.07.2020 16:36
The dollar / yen pair continued to grow, moving away from the daily high of 105.20. At the time of writing, the pair was up 0.4% on the day at 105.13. Data on Friday showed that personal spending in June increased by 5.6% and was better than market expectations of 5.5%. On the other hand, personal income declined by 1.1% over the same period. Finally, the core personal consumption expenditure (PCE) price index fell to 0.9% year-on-year. The US dollar index (DXY) rose to 92.97.

The yield on 10-year US treasuries is still down 1% on the day, and the dollar/ yen upside potential may remain limited if T-bond yields fail to rebound in the afternoon.

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