View full page at forexfactory.com

 

USD/JPY supported at 109.20 while a bearish tone persists

From fxstreet.com

Currently, USD/JPY is trading at 109.19, up -0.05% on the day, having posted a daily high at 109.38 and low at 109.19. North Korea sparking concerns for investors again, yen to strengthen further? Despite the N.Korea risks rearing its ugly head again this week and at the start of the FX week in Asia, USD/JPY is relatively stable in the open of Tokyo and supported at 109.19/20. During last week's US session, US 10yr treasury yields initially dipped from 3.20% to 2.16%, but rebounded to 2.21% following the Bannon news while equities were also able to recover some losses supporting the bid in USD/JPY. The week ahead - ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis