The USD/JPY climbs past the 150.00 figure on upbeat US Retail Sales and jobs data, gains over 0.38%, and trades at 150.21.
USD/JPY trades at 150.21, extending its gains for a second consecutive day amid rising US bond yields. RSI signals growing bullish momentum, with the pair approaching key resistance at the top of the Ichimoku Cloud . Next resistance levels include the 100-DMA at 150.85 and the 200-DMA at 151.32, with support at 150.00 and 149.00.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Forecast: Hits two-month peak near 150.00The USD/JPY extended its gains throughout the North American session, up 0.42%, and trading at 149.75 at the time of writing.
Read more »
USD/JPY Price Forecast: Hits two-month peak near 150.00The USD/JPY extended its gains throughout the North American session, up 0.42%, and trading at 149.75 at the time of writing.
Read more »
USD/JPY Price Forecast: Rebounds off weekly lows, bulls target 150.00The US Dollar prints solid gains of more than 0.30% against the Japanese Yen after the pair dropped to a two-day low of 148.85, yet buyers bought the dip and push the exchange rate higher.
Read more »
USD/JPY Price Forecast: Surges over 1% above 142.00The USD/JPY skyrocketed late in the North American session, trading at 142.44, up by over 1% after bouncing off a daily low of 140.32.
Read more »
USD/JPY Price Forecast: Climbs above 147.00 as bulls target KumoThe USD/JPY edges higher on Thursday, climbs above 147.00 for the first time since September, trades at 146.92 and gains 0.31% at the time of writing.
Read more »
USD/JPY Price Forecast: Skyrockets and climbs above 148.00The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS) revealed that the latest jobs report added over 254K employees to the workforce.
Read more »