U.S. Dollar Index is losing ground as traders focus on trade wars and evaluate the impact of new tariffs, which will be released at the start of August.
Currently, U.S. Dollar Index is trying to settle below the support at 98.00 – 98.20. In case this attempt is successful, U.S. Dollar Index will head towards the next support level, which is located in the 96.70 – 96.90 range.
USD/JPY is losing ground as traders focus on the pullback in Treasury yields. The yield of 2-year Treasures declined below the 3.85% level, while the yield of 10-year Treasuries declined towards 4.35%.
In case USD/JPY stays below the 147.50 level, it will head towards the support at 143.50 – 144.00.
