Monday, February 19, 2018
Banner Top
USD/JPY rises above 109.00 as 10-yr UST yield clocks fresh 45-month high
Banner Content
  • USD finds bids as T-yields rise to 45-month high
  • USD/JPY runs into 1-hour 100-MA hurdle.

The bid tone around the American dollar has strengthened, possibly due to the rise in the US 10-year treasury yield to a fresh 45-month high of 2.73 percent.

The USD/JPY pair clocked a session high of 109.20 and was last seen trading at the 1-hour 100-MA level of 109.12.

The present oversold technical conditions in USD/JPY seem to have revived the positive correlation between the treasury yields and the currency pair. So, the spot could extend gains further if the yield continues its ascent in Europe and US.

However, demand for the Japanese Yen may rise if the equities react negatively to the rising yields. Thus, there is merit in being cautious.

USD/JPY Technical Levels

A 1-hour close above 109.12 (1-hour 100-MA) would open doors for a sustained rally to 109.77 (Jan. 25 high on 1-hour) and 110.00 (psychological level). On the other hand, a failure to hold above 10.00 (zero levels) could yield a drop to 108.60 (support on 1-hour). A violation there would expose 108.28 (recent low).

Banner Content

0 Comments

Leave a Comment

Jimmy BUY LICENSE 1 out of 5 agents online CHANNELSAGENTS Add agent Add communication channels: Chat on site Telegram Mobile SDK Facebook Viber Email WhatsApp xtreamacademy.com SETTINGS ARCHIVES STATISTICS ASSIGN AGENTS Jimmy JivoChat code is not installed on this site INSTALL CODE xtreamacademy.com SETTINGS ARCHIVES STATISTICS ASSIGN AGENTS Jimmy JivoChat code is not installed on this site INSTALL CODE Install Code on xtreamacademy.com Installation Send instructions to my webmaster Install the following code on every page of your site right before the closing tag, or use one of the CMS plugins below: COPY TO CLIPBOARD Or select and install one of following plugins OPEN SITE SETTINGS Download the agent's app: For Windows & MacAndroidiPhoneBrowser-based Support License Agreement JivoChat Inc. © 2011-2018. All rights reserved