US dollar remains under pressure against majors as US yields continue to slide. Wednesday’s optimism fades, European markets and Wall Street post significant losses. US Sen. Elizabeth Warren is ending her presidential bid. The USD/JPY pair dropped to 106.59, reaching the lowest level since October 3. It remains near the lows with the bearish tone intact, amid lower US yields and risk aversion. DXY testing monthly lows The greenback is falling against major but is holding firm versus commodity and emerging market currencies. While risk aversion weighs on riskier assets, lower US yields favour currencies like JPY, EUR and even today, GBP versus the USD. The US Dollar Index (DXY) dropped to 96.91, reaching the lowest level in almost two months. Wednesday’s recovery was short-lived, and it is back under pressure. The 10-year yield recently hit a new record low at 0.927%. Risk aversion and expectation about more rate cut from the Federal Reserve fuels the rally in Treasuries. Market participants mostly ignored data from the US. Initial jobless claims rose in line with expectations while Factory Orders in January declined by 0.5% (against the -0.1% reading expected). The critical report of the week will be released on Friday: the Non-farm payroll report. In Wall Street, the Dow Jones is losing 2%, off lows now. In Europe, main indexes are about to close with declines of around 1.60% on average. The slide in stocks is helping the yen, that is among the top performers. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold renews weekly top above $1660, as risk-off remains in vogue FX Street 3 years US dollar remains under pressure against majors as US yields continue to slide. Wednesday’s optimism fades, European markets and Wall Street post significant losses. US Sen. Elizabeth Warren is ending her presidential bid. The USD/JPY pair dropped to 106.59, reaching the lowest level since October 3. It remains near the lows with the bearish tone intact, amid lower US yields and risk aversion. DXY testing monthly lows The greenback is falling against major but is holding firm versus commodity and emerging market currencies. While risk aversion weighs on riskier assets, lower US yields favour currencies like JPY, EUR and even… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.