USDJPY continues the run higher. New highs.

Technical Analysis

Author: Greg Michalowski | usdjpy

Trend line at 109.60

THe USDJPY continues the run higher after breaking above the old broken trend line.   The upside is being helped by holding the 200 hour MA on the corrective move over the last two hours.   Bullish.  The 109.60 is an upside target.  

Trend line at 109.60
Traders are scrambling, helped by yields which are still up a good amount today. The 2 year is up 5.4 bps. The 5 year is up 7.18 bps. The 10 year is up 6.0 bps. 

Stocks are off highs but finding dip buyers so far today.  

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