Published: 2023-12-28T17:01:07.000Z
EUR/USD, USD/JPY, USD/CHF flows: USD off the Lows
Director of Research , Macroeconomics and Strategy
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Some corrective pressures have been seen in NY trading, with a rollercoaster ride on USD/JPY.
The USD then bounced off the low, as global bond yields drifted higher on a sense that the November/December optimism could be getting ahead of the Fed. Additionally, some U.S. money market tightening before year end also helped lift the USD off the lows. Finally, USDCHF stalled before 0.8320, while USDJPY bears thought a test of 140.00 could require new news. Into next week, opinion is mixed with the USD sentiment negative, but the USD oversold.
