Attention may turn to the U.S. 3-year Treasury auction

Attention may turn to the U.S. 3-year Treasury auction

08.06.2021

Yesterday, the three major U.S. stock indices saw mixed performance; while other indices fell, the Nasdaq closed at 13,881 points, up 0.49% from the previous day. This reflected growing expectations for a return to normal economic activity, driven by the steady progress of the vaccination rollout and a decline in new COVID-19 cases.

After starting the week with a trend toward a stronger yen, the foreign exchange market has stabilized, and cross-yen pairs are rising slightly again during today’s Asian trading session. However, GBP/JPY, currently trading around 154.9, is testing lower lows, and caution is warranted as a break below the 20-day moving average on the daily chart could signal the start of a downtrend.

Today, German industrial production is scheduled for 3:00 PM Asia time, followed by the German ZEW Economic Sentiment Survey and the final Q1 GDP figures for the Eurozone at 6:00 PM Europe time.the U.S. NFIB Small Business Optimism Index at 19:00, the U.S. and Canadian trade balances at 21:30, remarks by MPC member Holden at 22:00, the U.S. JOLTS report at 23:00, and a U.S. 3-year Treasury auction at 02:00. We will monitor U.S. Treasury yield trends while assessing the relative strength of various currencies.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed