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Forex: USD/JPY soars on G20 draft, US data

The Japanese yen weakened, sending USD/JPY to fresh highs amid headlines of a leaked draft of the G20 statement, which makes no mention of a commitment not to target FX rates. G20 just wants to avoid excessive FX volatility, disorderly movements.

USD/JPY jumped over 50 pips after the statement and extended gains also propelled by much better than expected US manufacturing data. At time of writing, the cross is trading at the 93.45 area, where it prints a 0.6% daily gain, having reached a high of 93.47.

US: NY Empire State index rose to 10.04 in February

The New York Federal Reserve Bank informed that the Empire State manufacturing index rose markedly to 10.04 in February, crushing estimates at -2.00 and previous print at -7.78 ...
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Forex Flash: 10-year US Treasuries maintain sideways movement – RBS

According to Analyst John Biggs at RBS, “We continue to see a near-term 1.70% to 2.10% range in 10-year US Treasuries. Key support remains 2.06-2.10% in 10yrs, and first resistance is 1.90%-1.93%. We recommend to watch for ascending bear channel lines (1.93% in 10s and 3.10% in bonds) – breaks through could extend the rally while a close above 2.10% in 10s opens up 2.30%.”
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