Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023.
The selling continued on Monday, with U.S. Treasury yields falling further, stock indexes in the red and currencies slightly less volatile but down against the dollar and yen.
The safe-haven and carry-funding favorite, the yen, was traded at 145.43 yen , up 0.8% versus the dollar, after hitting a mid-January peak of 145.28 in early deals.
The euro was flat at $1.091, the dollar index was nearly flat too at 103.17 while the Australian dollar fetched $0.6495 and was down 0.25%.
"The U.S. economy is showing signs of slowdown but it's not as bad as the market is pricing in."
Persons:
Masafumi Yamamoto
Organizations:
U.S, Fed, Treasury, Mizuho Securities
Locations:
Yichang, Hubei province, Asia, Tokyo, U.S