USD/JPY inches higher as risk mood starts to pick up

Technical Analysis

Author: Justin Low | usdjpy

USD/JPY hits session highs of 108.73

USD/JPY H1 11-06
Buyers are looking to extend near-term control in the pair by moving away from the 200-hour MA (blue line) now amid improved risk sentiment on the session.

US equity futures are now posting gains of 0.5% while we're seeing European equities also chase a move higher. Meanwhile, Treasury yields are also inching upwards with 10-year yields now up by 2.4 bps to 2.173% currently.

E-minis 11-06
That is helping to keep the yen pressured on the session. For USD/JPY, price has now moved above yesterday's high @ 108.72 and will be looking towards resistance around 108.87-90 next before offers at 109.00 come into play.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose