USD/JPY chart - Trading View
USD/JPY was trading 0.14% higher on the day at 105.50 at around 06:15 GMT, bias is bullish.
The pair hovers around crucial 200-DMA resistance and decisive break above is likely to propel prices higher.
U.S. dollar is tracking gains in US Treasury yields which hit 11-month high. S&P 500 Futures also print higher on market optimism.
Along with risk-on mood, comments from BOJ’s Kuroda, Japan FinMin Aso adds to the upside momentum.
Aso earlier ruled out any recall of the fiscal support measures, followed by Kuroda who refrained from calling the latest stock rally ‘excessive’.
Technical indicators are supportive of further gains in the pair. Price action is testing crucial resistance at 200-DMA. Decisive break above to see upside open up.
