The USD/JPY is twisting for further gains on Thursday, looking for further bids above the 151.00 handle.
The USD/JPY is pushing higher on Thursday. testing territory north of 151.00. Late break in USD fueled byspike in US Treasuries. Japan trade balance data missed the mark, further eroding Yen. A topside break in US Treasuries is seeing the US Dollar find a fresh round of bidding on Thursday, and the USD/JPY notched in a fresh intraday high near 151.30. Treasury yields knocked higher on reaction following lower-than-expected institutional demand in a 30-year US bond auction. St.
USD/JPY Technical Outlook The Dollar-Yen pairing is currently in play around the 151.00 handle, looking for a topside continuation as the USD continues to push up and over the JPY. Near-term action has the pair slowing down from its recent pace of bullish momentum, with the 50-hour Simple Moving Average beginning to catch up to intraday bids, but the pair remains in a firmly bullish tilt with the 200-hour SMA down near 150.
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