USD/JPY Drops as Evergrande Bankruptcy Application Spurs Safety Bid

Japanese inflation remained elevated but broadly inline with consensus. However, news out of China sees a lift in the yen as investors tap into US treasuries as sentiment sours

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Higher Treasury yields, China’s woes kept the pressure on risk sentiments: S&P Regional Banking ETF, Nikkei 225, GBP/EUR

Market sentiments continue to reel in from the hawkish takeaway in the recent FOMC minutes, with the reckoning for rates to be kept high for longer pushing US Treasury yields to retest their recent highs.

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Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?

The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower XAU/USD?

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