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Rising yields & stocks push USD/JPY price past 119.21

Source: Thomson Reuters USD/JPY clears 119.21 hurdles on rising USD-JPY yield spreads & surging N225 futures 119.21 is hourly Cloud top & 61.8% of this week's 119.83-118.59 drop Higher daily low today above the 21-DMA & …

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Rising yields & stocks push USD/JPY price past 119.21
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Source: Thomson Reuters


  • USD/JPY clears 119.21 hurdles on rising USD-JPY yield spreads & surging N225 futures 

  • 119.21 is hourly Cloud top & 61.8% of this week's 119.83-118.59 drop

  • Higher daily low today above the 21-DMA & Kijun at 118.63/57 reinforces bid

  • US data not clearly bullish, USD broadly stronger, while most JPY crosses slip back

  • Light offers 119.30-50, 119.80-120

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