USD/JPY touches a session high of 108.70

USD/JPY D1 03-02

The market is continuing to retrace the moves from Friday as we see USD/JPY now climb higher on the session towards 108.70. That puts the 100-day MA (red line) @ 108.76 back in focus and that will be a key level that buyers must try and break above now.

The move to the upside comes as Treasury yields are also pushing higher, with 10-year yields up by nearly 4 bps to 1.544% currently:


That is also helping the dollar to creep higher against the likes of the pound and euro as well, with cable easing back just under 1.3150 at the moment.