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Aug 25 - 08:55 PM

USD/JPY - Rises With US Yields But 55-DMA Thwarts Rally

By Krishna K  —  Aug 25 - 07:00 PM
  • USD/JPY opens 0.4% higher on elevated risk mood but strong resistance looms

  • Boosted as S&P 500, Nasdaq close at record highs on trade, vaccine progress

  • Supported by higher U.S. Treasury yields, 10-year yield closes 4bps higher

  • JPY sold on crosses on strong risk appetite; AUD/JPY rallies 0.85%

  • Caution ahead of Fed annual event Thursday may cap USD rise nL1N2FN05J

  • Resistance 106.59-63, 107.00-05, support 106.25-30, 106.00-05

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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