FxWirePro: USD/JPY maintains bullish bias with focus on 115.00 levels
USD/JPY rose on Thursday as dollar demand improved with higher global bond yields and stable stock markets. The U.S. dollar rebounded after its worst run since August as investors refocused on the chances of higher U.S. …
USD/JPY rose on Thursday as dollar demand improved with higher global bond yields and stable stock markets.
The U.S. dollar rebounded after its worst run since August as investors refocused on the chances of higher U.S. inflation and growth.
Further downside is expected to be limited as the pair finds strong support at 113.55 should limit further decline and bring rebound towards higher levels in the short term.
To the upside, immediate resistance can be seen at 114.70, a break above this level would take the pair towards next resistance level at 115.23.
To the downside immediate support can be seen at 114. 18, a break below this level will open the door towards next level at 113.55.
