USDJPY rises modestly and looks toward 100 hour MA as yields move to the upside

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 seen a push to the upside helped by yields moving back to the positive side. The 10 year yield is now up 3.733% up 3.1 basis points. The two 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 4.467% that's near unchanged levels after trading lower earlier.

The move to the upside takes price closer to its falling 100 hour moving average at 138.835 (blue line in the chart above). Earlier in the Asian session the price briefly moved above that moving average line only to rotate quickly to the downside (failed break).

Getting and staying above the 100 hour moving average would be needed to give the buyers some more comfort. There is also a swing area between 138.74 and 139.092. The high price in the Asian session reached 139.345.

Move above those levels, and another swing level at 139.615 (see green numbered circles on the chart above) and the 200 hour moving average (green line) at 139.851 would be targets for buyers.

Stay below the 100 hour moving average at 138.835, would keep the sellers firmly in control. Of concern for the sellers, however) is that the low price today could not approach the low price from yesterday. Also yesterday's low price took out the November 15 low, but that break could not be sustained.

So there is some disappointment that could bother sellers and turn them back to buyers – especially if the 100 hour moving average can be broken and remain broken.