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USD/JPY chart - Trading View
USD/JPY was trading 0.25% higher on the day at 109.30 at around 06:05 GMT, outlook is bullish.
The pair is extending Friday's gains and is refreshing 9-month highs above 109 handle.
U.S. dollar catches fresh bids after Treasury Secretary Janet Yellen rejected reflation fears during her ABC interview.
Also supporting positive sentiment could be Biden’s comments conveying upbeat results from the latest virtual summit between America, Indian, Australia and Japan.
S&P 500 Futures trim early gains while the US 10-year Treasury yields stay firmer around 1.63%, near February 2020 high hit on Friday.
Biden’s speech later today can influence short-term traders ahead of this week’s FOMC policy meeting.
Technical bias for the pair is strongly bullish. The pair is extending gains above 55-month EMA and is on track to test 76.4% Fib at 109.56.
