CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: USDJPY pair tumbles amid falling bond yields

15:58 12 May 2022

The USDJPY pair fell over 200 pips on Thursday, pulling further away from a 20-year high, as US Treasury yields pulled back sharply on speculation that inflation may be peaking. During today's session, the 10-year US Treasury note fell to 2.87% from its recent high of 3.20%.

Also last week's Tokyo CPI figures showed that inflation is rising at a fast pace and some investors believe that BoJ will need to take some actions in order to tame price pressures. Barclays analysts wrote today "We believe that the most asymmetric part of the latest yen depreciation is behind us," and "Peaking global inflation , increased MoF verbal intervention and the prospect of a BOJ policy change suggest risk is shifting to the downside for USD/JPY."

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USDJPY after an impressive rally pulled back from its recent high at 131.20, which is the highest level since 2002. Pair is currently testing local support around 127.50 which is marked with a lower limit of the 1:1 structure. Should a break lower occur, the next target for sellers is located at 124.50 and coincides with 23.6% Fibonacci retracement of the last upward wave. Source: xStation5

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