Forecasts and analytics brought to your attention have been prepared based on a vast amount of various data, results of technical and wave analyses, news and other factors, which could have any effect on forex empire usd jpy forecast rates. JPY prints daily highs above 107. US 10-year yields advance above 2. Yen reaches key area against dollarUSDJPY found support ahead of 110.
000 yesterday, with a low of 110. 50Spot gathers further traction to the mid-112. US 10-year yields sidelined near weekly tops. 00The greenback is trading on the defensive vs. 00Bears returned the ball last week and sent the US dollar to new losses. JPY grew and merged above the strong resistance level of 110. As a result of the growth of the yield of treasury bonds, the USD strengthened against the JPY.
Market seeks for the stop around 109Due to the big volume amount at the range of 108 the buying is a good decision. 00 ahead of FOMCThe greenback stays almost unchanged vs. In opinion of FX Strategists at TD Securities, the greenback could have carved a top vs. JPY has touched psychological level of 111. 00 and formed bullish engulfing closing above it. The night recovery lost legs after touching 111. The US dollar opened bearish and extended its sell-off afterwards.
Buyers’ inability to move higher returned control over the market to sellers. As a result the US dollar eased and erased all its recent gains in the European session. 80 first and after a brief pause continued moving the major lower and reached 113. The US currency found a solid support at 111. 50 which rejected the price upwards.