Oil Price Crash Sends US Treasury Yields into Free Fall

The US Treasury Yields have dropped sharply due to a strong fall in oil prices from levels above $100 to almost $90 now, following news that the US-Iran peace talks can restart. This development has dragged yields lower and there's room for them to fall further to test their support.

However, after testing their support, a fresh rise is possible. The German Yields have dipped slightly but supports are in place to limit the downside and keep the broader uptrend intact.

The EUR/USD may attempt a slow rise towards 1.1450-1.1500 while above 1.1370/1.140, according to market analysis. The USDJPY can dip to 162.70 before resuming its slow rise towards 165.