USDJPY News

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Last Updated Date: 30 March 2021 @ 6:55 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar climbed to a one-year high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus in the U.S. stoked inflation concernsThe dollar rose to a cusp of 110 yen in Asia, a level not seen since March of last year. It's on track for the best month since late 2016, with the end of Japan's fiscal year this month driving up dollar demand as companies seek to square their books.

The USDJPY market is bullish with the current bull swing giving signals for a larger advance. A close over 111.33 targets to 112.40. The momentum of the advance favors continuation rallies over the next few days. Only a close under 108.98 (SAR) marks a reversing / topping turnover.

Resistance 2        111.30
Resistance 1        109.99

 
Support 1             109.53
Support 2             109.25


 
 


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