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Forex pairs in this Article » USD/JPY
FXstreet.com (Bali) - The USD/JPY has retained its steady bid tone into the Tokyo open, currently being pushed up away from a preceding tight 10 pip range as the Nikkei opens positive near 0.5%.

The reversion of the USD-negative trade post dismal jobs numbers out of the US continues to be the focus, with supportive US data this week so far providing excuse to re-price mid to aggressive taper by the Fed. As per the US Treasury yields, the 10-yr curve suggests slightly firmer beliefs with the rate at 2.89%, still way off its 3.04% peak from earlier this year. There are offers being reported by market sources around 105+.

According to Valeria Bednarik, Chief Analyst at FXStreet.com: "A strong bullish momentum persists and the upside is favored as long as 104.10 contains retracements."


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