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USD/JPY: Early Strength Over 110.668, Weakness Under 110.362

From fxempire.com

The Dollar/Yen posted a solid gain on Friday on the back for firmer Treasury yields and increased appetite for riskier assets. The catalyst behind the strong performance was strong Wall Street earnings. This news helped investors regain some of the confidence lost to earlier in the week worries the Delta variant of the coronavirus could derail the global economic recovery. On Friday, the USD/JPY settled at 110.550, up 0.371 or +0.34%. U.S. equities rose Friday with the major averages hitting new records as they overcame concerns about economic growth from earlier in the week. Additionally, the 10-year Treasury yield ... (full story)

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  • Category: Technical Analysis