The USD\/JPY pair hit new five-week highs at 134.57; it is currently trading at 134.42, with bulls seeking 135.00. The USD\/JPY oscillators favour more upward movement. Below 134.00, there are dangers on the downside that could push the USD\/JPY rate as low as 133.00.<\/p>\n\n\n\n
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Following the Federal Reserve (Fed) policymakers’ hawkish remarks from the previous week, the USD\/JPY appreciated as US Treasury bond yields resumed their upward trajectory. The most recent increase in the yield on 10-year US T-bonds was brought on by remarks made by Fed Board Governor Christopher Waller that further tightening is required. As a result, the USD\/JPY increased and is now up 0.52% at 134.47.<\/p>\n\n\n\n
Regarding price movement, the USD\/JPY pair increased its gains past the high of the previous week at 134.04 and is attempting to test a break above the high set on January 6 at 134.77. The 200-day Exponential Moving Average (EMA) at 133.70 and the 100-day Exponential Moving Average (EMA) at 134.00 were two strong resistance levels that the USD\/JPY overcame on its ascent. Following the pair’s completion of those levels, a challenge to 135.00 is planned.<\/p>\n\n\n\n
If USD\/JPY gains ground above 135.00, the psychological 137.00 level would be the next barrier to overcome before reaching the YTD high at 137.91. On the other hand, the 100-day EMA at 134.00 would act as the first support if the USD\/JPY retraced. The 200-day EMA at 133.70 will be instantly exposed with a violation of the latter, then the 50-day EMA. Before falling to 133.00, at 133.14.<\/p>\n","protected":false},"excerpt":{"rendered":"
The USD\/JPY pair hit new five-week highs at 134.57; it is currently trading at 134.42, with bulls seeking 135.00. The USD\/JPY oscillators favour more upward movement. Below 134.00, there are dangers on the downside that could push the USD\/JPY rate as low as 133.00. Following the Federal Reserve (Fed) policymakers’ hawkish remarks from the previous …<\/p>\n","protected":false},"author":13,"featured_media":62091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6984,7201],"class_list":["post-82959","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-treasury-yields","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82959"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82959\/revisions"}],"predecessor-version":[{"id":82969,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82959\/revisions\/82969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62091"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}