- Yen weakened throughout the market due to rises in stocks and Treasury bond yields.
- The dollar with mixed results on Thursday.
- Ahead: Key US Data
The USD/JPY is going up on Thursday and operates in the 114.37 zone, at the highest level in nearly four weeks. The pair resumed bullish runs after falling to 114.05, from where it bounced.
If it asserts above 114.35, the pair would be positioned for a bullish extension, with the next resistance being at the 114.50 area, followed by 114.75. In the opposite direction, the next support is at 114.05 followed by 113.75.
Good tone in stocks coupled with the advance in Treasury yields have been pushing USD / JPY up. The slightest fears about the impact of Ómicron, have improved the mood of investors.
On Thursday the US economic calendar is loaded, with the publication of reports. At 13:30 GMT will be published the report of requests for unemployment benefit, the data of income and personal spending with the underlying PCE and durable goods orders. Then it will be the turn of the Consumer Confidence Index from the University of Michigan and the data for the sale of new homes.
Technical levels
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