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EUR/USD, USD/JPY and Platinum: Rate Risks Shape the Outlook

By: 
Christopher Lewis

EUR/USD faces renewed downside risk toward 1.11, USD/JPY remains supported on dips, and platinum eyes $1,725 as Treasury yields ease.

US02Y

U.S. 2-year Treasury yield daily chart showing yields near 4.77%, above the 4.59% and 4.17% exponential moving averages.
The U.S. 2-year Treasury yield consolidates near 4.77%, remaining above its 4.59% and 4.17% EMAs.

The 2-year yield is where I start today, and it looks like inflation pressure is competing against Thursday’s decline in market rates. The Treasury yield is right around 4.77%, down 5 basis points from the Wednesday print.