U.S. Dollar Index is losing ground as traders focus on government shutdown risks. Today, traders also had a chance to take a look at the Pending Home Sales report for August. The report indicated that Pending Home Sales increased by +4.0% month-over-month, compared to analyst forecast of +0.3%.
In case U.S. Dollar Index pulls back below the 50 MA at 97.92, it will head towards the nearest support level, which is located in the 97.10 – 97.30 range.
USD/JPY is losing ground as traders focus on falling Treasury yields. The yield of 2-year Treasuries pulled back towards the 3.62% level, while the yield of 10-year Treasuries settled below 4.15%.
A successful test of the support at 147.50 – 148.00 will push USD/JPY towards the 146.00 level.
