USDJPY moves to a new high as Waller speaks

The high from earlier this week reached 119.116. The high price just reached 119.246.

Yesterday, the price had a lower high for the first time in 7 trading days, and the pair temporarily moved below the high from Tuesday and early Wednesday near 118.44, but could not sustain downside momentum. The low today in the early Asian session stalled just ahead of that level at 118.466. The price also remains above the rising 100 hour MA at 118.42.

Looking at the weekly chart, the price moved above the end of 2016/early 2017 highs between 118.60 to 118.65 this week. That took the price to the highest level since the end of January in 2016 (6+ years).

The 2 year  yield 
Yield

A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income.Why Do Yields Matter?At any point in time, all financial instruments compete with each other in a public marketplace. Analyzing yields is one among many metrics used by analysts and investors and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. By extension, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also influenced by expectations of inflation. Fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Instruments over longer intervals commonly have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. The more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.

A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income.Why Do Yields Matter?At any point in time, all financial instruments compete with each other in a public marketplace. Analyzing yields is one among many metrics used by analysts and investors and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. By extension, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also influenced by expectations of inflation. Fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Instruments over longer intervals commonly have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. The more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.
Read this Term is at 1.950%. It is up from 1.903% at the start of the NY session. The 2-10 year spread is around 21 basis points.