A slight breather in bond selling for now

<p>It was holding as high as 4.562% in early European morning trade, so the drop here is much welcome for risk trades. But again, it might just prove to be a temporary respite considering the technical breakout since last week. Stocks are still finding it tough to gather much relief on the day but at least dollar gains have calmed down a fair bit.</p><p>The retreat came alongside a fall in USD/JPY earlier, with the pair now trading flat at 148.87 after the remarks from Japan finance minister Suzuki <a href="https://www.forexlive.com/news/japan-finance-minister-says-closely-watching-fx-moves-with-a-great-sense-of-urgency-20230926/" target="_blank" rel="follow">here</a>. We'll see what the US session brings along later in the day.</p>

This article was written by Justin Low at www.forexlive.com.