USDJPY moves to new session highs

Technical Analysis

Author: Greg Michalowski | usdjpy

Stocks back in the red and yields up near highs as well

THe USDJPY is trading to new session highs. At the same time, the stocks are moving higher in Europe and the US (back in the black for the major indices).  Yields in the US are also moving higher with the 10 year up 1.8 bps at 2.641%

Stocks back in the red and yields up near highs as well
The next target is at 111.85 which was the high from March 7th. Above that, and you might as well strive for the 112.00 level.

The NY session low stalled ahead of the 200 hour MA at 111.49 (low reached 111.508). That contributed to the more bullish tone. 

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