USDJPY Weekly spikes higher
Technical bias is also strongly bullish. Scope for test of 125.85 (2015 high). 5-DMA is immediate support at 121.89. Minor weakness on break below.
The offer follows the first round of offers by the BOJ which failed to find any bids, propelling the 10-year Japanese yield to 0.25%.
Rising covid concerns in Germany and China along with rising tensions between the West and Russia amid indecision over the Moscow-Kyiw talks add to dollar demand.
US jobs report later this week will be crucial considering the hawkish Fedspeak and recently softer data, amid the geopolitical crisis.
The offer follows the first round of offers by the BOJ which failed to find any bids, propelling the 10-year Japanese yield to 0.25%.
Rising covid concerns in Germany and China along with rising tensions between the West and Russia amid indecision over the Moscow-Kyiw talks add to dollar demand.
US jobs report later this week will be crucial considering the hawkish Fedspeak and recently softer data, amid the geopolitical crisis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.