- The yen remains weak as it rises in stocks and Treasury bond yields.
- USD / JPY is still not moving away from 111.50.
The USD / JPY is trading sideways with a slight bullish bias on Thursdays. The dollar strengthened after US data and a rise in Treasury yields. The price remains still without being able to move away from 111.50.
The yen is trading small declines across the market amid an improvement in the markets mood on Thursday. The possibility of a solution to the problem with the legal limit of indebtedness in the US together with a relief in energy prices in Europe, plus positive data from the US helped the main indices of Wall Street rise on average 1.50%. In turn, US Treasury yields are rising, with the 10-year benchmark rate at 1.55%.
Despite the aforementioned conditions, USD / JPY advance is modest. It recently hit highs for the day at 111.55, but has not yet been able to move significantly away from the 111.50 area, although it maintains a ready tone.
USD / JPY remains in consolidation mode, with traders starting to focus on what will be the release of the official US employment report on Friday, with non-farm payrolls and the unemployment rate. The data of requests of unemployment benefit and of ADP of Wednesday, generate positive expectations.
Technical levels
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
