FXStreet: Japanese elections in focus - eFXnews

FXStreet (Barcelona) - FXStreet’s Craig Drake and The Tip Tv Team discuss about the Japanese elections and the probable impact of the same on the Yen.

Key Quotes

“With a quiet data day, focus is on the Japanese elections this weekend. Markets will be looking to see if Abe adds to his majority and with it his mandate to push through further reforms. However, traders should be cautious about taking too aggressively short a view on the yen, given that it is facing increasing headwinds to the downside”

US Treasury yields continue to slide

The yields across the long-end and the short-end of the treasury market curve extended decline today on disappointing economic data out of China and sell-off in European equities on concerns of sliding oil prices.
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