Published: 2026-10-06T08:40:02.000Z
EUR/USD, USD/JPY flows - Crude Oil Flows Pick-Up, But USD watching U.S. Treasuries
2
Traders bias on the USD is choppy sideways trading today, with a focus on U.S. government bond yields. Multi day momentum still leaves the market biased to test higher levels for the USD.
In this context some traders are pointing to the WSJ report that crude oil flows through the Straits of Hormuz last week reached 76% of pre-war levels (though much lower for diesel) and the associated softening of crude oil prices. If U.S. Treasury yields decline it could be catalyst for a USD drift lower in a quiet data week. However, if U.S. Treasury yields remain high, multi day momentum still leaves the market biased to test higher levels for the USD.
