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Today, the dollar is continuing its rise from yesterday and is currently at a high level. This is due to the increase in Treasury yields and the market’s temporary pause from earlier fluctuations this week. However, as we near the end of the trading week, there is a return to the common pattern of risk assessment.

The S&P 500 futures are currently experiencing a 0.5% decrease, along with a decline in Treasury yields. The 10-year yields have gone down by 1.8 basis points and stand at 3.781%. Despite this, the dollar remains strong as the USD/JPY is still above 143.00.

The duo appears to be ready for a surge towards 145.00, particularly when viewed from a technical standpoint. This raises the issue of whether Japanese authorities will start to increase their intervention efforts, as previously discussed.

In other locations, the EUR/USD has decreased by 0.2% to 1.0933 presently and has remained mostly stable throughout the week. However, the dollar has regained some significant momentum, causing the GBP/USD to drop by 0.3% to 1.2705 at the moment, which is almost half of the losses from last week.

At present, the Australian dollar has experienced a significant decline of 0.8% today, making it the largest loss for the week. This downfall has caused the AUD/USD pair to wipe out all the gains achieved last week and more. The current situation is quite alarming as the price of the pair is fast approaching its 200-day moving average of 0.6690, and there is also a risk of breaking the 100-day moving average of 0.6712 with today’s fall.

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