XE Market Analysis: Europe – Mar 19, 2021

The dollar has come under moderate pressure, tracking a dip in the 10-year U.S. Treasury yield back under 1.70% after yesterday capping out at a 14-month high at 1..745%. The yen has concurrently lifted amid the narrowing in the U.S. over Japan yield differential, alongside a backdrop of sputtering global stock markets and the note unassociated decision by the the BoJ to widen the target band under its yield curve control policy and remove its explicit target on ETF purchases, giving the central bank room to draw in stimulus.