- The dollar rises against the yen supported by advance on Treasury bond yields.
- USD / JPY stopped falling just above the key level of 109.60.
USD / JPY is rising on Friday, bouncing from a week low. It climbed to 109.98, before cutting earnings modestly. Traders to the expected US data.
Between bonds, Wall Street and data
The rise in Treasury yields on Friday, with the 10-year rate reaching 1.33% it gave a boost to the USD / JPY, even despite the weakness of the dollar against the rest of its rivals. Another positive factor for the pair is the rise in the equity markets.
The wholesale inflation data will be published in the US on Friday. The Producer Price Index is expected to have risen 0.6% in August. Inflation data can have an impact on the market.
Dollar finds support just above key level
The USD / JPY retracement managed to stop just above the 109.60 area, which is where the bottom of the current range is, which has been going on for almost a month. A close below that level would be a bearish sign for the future, exposing 109.10.
The support above 109.60, confirms the range between said level and 110.20; with extra resistance at 110.40. A confirmation above 110.40 would enable a bullish extension.
Technical levels
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