- The dollar gains moments before the American session and US data.
- The yen falls on other fronts despite stability in the bond market and low yields.
- USD/JPY tries to recover from lows in months, unable to hold above 135.50.
USD/JPY is rising on Monday, supported by some dollar strength and despite stability in the Treasury market and lower Wall Street futures. The pair climbed to 135.53, marking an intraday high and remains above 135.00.
The dollar seeks to recover
After a bad week, the dollar seeks to recover or at least stabilize. In a calm beginning of the week presents mixed results. It hit monthly lows against several rivals, while rebounding against several emerging market rivals.
Against him and in, the greenback rises but moderately and without clearly moving away from the minimum in months of last week of 133.60. USD/JPY reached as high as 135.53 and then pulled back towards 135.00, paring intraday gains.
In case of affirming above 135.50, the USD/JPY would be positioned to extend the rebound with the next target in the 136.00 area, followed by 136.70.
Markets are relatively calm on Monday. In the US, the final reading of the PMI for November will be published, in addition to the factory orders report.
technical levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
