USDJPY moves to a new high as Waller speaks

The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term has moved to a new session/week/6 year high as Fed's Waller expresses the need to go 50 bps, joining Fed's Bullard. He also sees rates near or above neutral by the end of the year.

The high from earlier this week reached 119.116. The high price just reached 119.246.

Yesterday, the price had a lower high for the first time in 7 trading days, and the pair temporarily moved below the high from Tuesday and early Wednesday near 118.44, but could not sustain downside momentum. The low today in the early Asian session stalled just ahead of that level at 118.466. The price also remains above the rising 100 hour MA at 118.42.

Looking at the weekly chart, the price moved above the end of 2016/early 2017 highs between 118.60 to 118.65 this week. That took the price to the highest level since the end of January in 2016 (6+ years).

The 2 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term is at 1.950%. It is up from 1.903% at the start of the NY session. The 2-10 year spread is around 21 basis points.