The yen continues to decline with the rise in US bond yields: the Japanese yen saw a decline in the Asian market against a basket of global currencies,
continuing its losses for the third consecutive day against the US dollar, due to the rise in the yield of US Treasury bonds for ten years.

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The continuation of rising oil prices

The yen continues to decline with the rise in US bond yields

Gold falls as important US data is awaited

The continuation of rising oil prices

Oil prices rose Wednesday by nearly 3%, reaching a four-month high, due to an unexpected decline in US crude oil inventories,
a larger-than-expected drop in gasoline inventories, and potential production disruption due to Ukrainian attacks on a Russian refinery.

Brent crude futures rose by $2.11, or 2.6%, to close at $84.03 a barrel,
while West Texas Intermediate (WTI) crude futures in the US increased by $2.16, or 2.8%, to close at $79.72 a barrel.

This marks the highest closing for Brent crude since November 6.

The US Energy Information Administration reported that energy companies unexpectedly withdrew 1.5 million barrels
from crude oil inventories in the week ending March 8.

According to a Reuters survey, analysts’ forecasts had indicated an increase of 1.3 million barrels,
while data from the American Petroleum Institute indicated a drawdown of 5.5 million barrels.

The yen continues to decline with the rise in US bond yields

The Japanese yen declined in the Asian market on Thursday against a basket of global currencies,

continuing its losses for the third day in a row against the US dollar, due to the rise in the yield of ten-year US Treasury bonds.

This comes as market participants await the initial results of Japan’s spring wage negotiations,
which are expected to significantly impact the future decisions of the Bank of Japan regarding the transition from a negative interest rate policy.

The dollar’s exchange rate against the Japanese yen rose by about 0.15% to 147.97 yen,
from the opening price of the day’s transactions, which was 147.75 yen, and recorded a low of 147.53 yen.

In the previous session, the yen lost 0.1% against the dollar, marking its second consecutive loss,
with the continuation of correction operations and profit-taking from the highest level in six weeks at 146.48 yen.

Gold falls as important US data is awaited

Gold prices fell on Thursday with the rise of the dollar, although the price remains near record high levels,
as traders await more US economic data that could bolster hopes for a reduction in interest rates later in the year.

Spot gold prices fell by 0.2% to $2171.05 an ounce, and the dollar index rose by 0.1%.
The rise of the US currency makes gold more expensive for holders of other currencies.

Investors are awaiting US retail sales data, producer price index reports, and unemployment claims later on Thursday,
to assess the state of the US economy and whether it will affect the Federal Reserve’s decision to cut interest rates in June.”

The yen continues to decline with the rise in US bond yields

The yen continues to decline with the rise in US bond yields

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