[MARKET UPDATE] JGB yields continue to fall from record highs, potentially the reason for JPY underperformance as USD/JPY extends above 158.60; AUD/USD breaks above 68 handle following hot Aussie employment report

JGB yields continue to fall from record highs, potentially the reason for JPY underperformance as USD/JPY extends above 158.60; AUD/USD breaks above 68 handle following hot Aussie employment report.

The falling JGB yields suggest a shift in the interest rate outlook, which may be contributing to the JPY's weakness against the USD, evidenced by the move above 158.60. Additionally, the strong Australian employment report is driving AUD strength, pushing AUD/USD above the 68 cent mark. This dynamic indicates varying expectations for monetary policy across the countries involved, impacting cross-currency flows significantly.