USD/JPY drops to one-week lows as falling US bond yields pressure the dollar, extending the pair's retreat from recent three-week highs near 159.00.
The USD/JPY pair is experiencing downward pressure, extending a rejection slide from the 159.00 level which previously marked a three-week high. This bearish momentum is driven by follow-through selling during the Asian session, as the pair retreats from recent peaks.
The pair is currently in a downward trend, retreating from a three-week high near 159.00.
The 159.00 neighborhood has acted as a significant resistance level, resulting in a rejection slide.
The USD/JPY pair extends its recent decline, falling to a one-week low during Thursday's Asian session. The move follows a rejection at the 159.00 level as sliding US Treasury yields weigh on the greenback and provide support for the Japanese yen.
The pair is declining primarily due to a drop in US bond yields, which reduces the dollar's yield advantage and strengthens the Japanese yen.