USD Trading swing versus JPY
3/21/2018 9:11:50 PM
The USDJPY pair increased to 106.64 yesterday, perhaps due to hawkish Fed expectations and a growth in the short-duration treasury yields.
A move above 106.81 would expose persistence at 107.32. A daily close above the same would signal a short-term bearish to strong tendency change and could yield rally to 108.30. On the weakness, breach of support at 106.37 would open doors for a sell-off to 105.57 and 105.27.
FOREX market analysis by FxErvin.