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Feb 12 - 03:55 PM

USD/JPY - Rises As Trsy Yields, Crosses Advance

By Robert Fullem  —  Feb 12 - 02:16 PM

(Adds chart)

• USD/JPY ralllies as Trsy yields rise after strong US consumer inflation

• Headline CPI up 0.5% in January and annual pace quickens to 3.0%

• Pair also supported by EUR/JPY raly on positive Ukraine developments

• Supp: 153.16 100-DMA and 152.75 200-DMA

• Resist: 153.80 55-DMA and 155 psychological level

• Japan to eye corporate goods prices; US PPI and jobless claims Thsdy
Yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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