- The dollar rises in the market at the start of the week, at a moderate pace.
- The yen continues with weakness in the face of validation of recent rises in the stock markets and yields of Treasury bonds.
The USD / JPY gained momentum during the European session and after breaking 114.50, it climbed to 114.69, the highest level in a month. The pair remains in the zone of highs of the day, with the bullish tone intact supported by the strengthening of the dollar.
Treasury yields are not rising significantly but they validate last week’s advance. The 10-year bond yields 1.49% and the 30-year bond yields 1.89%, close to the floor of last week. For their part, the stock markets in the world mostly registered minor advances, but they have more significance after the recent rises.
The aforementioned factors remain an important support for USD / JPY. After the break on Friday, the pair resumed the gains at the start of the week. There are days ahead with a light economic calendar, and a week limited by the end of the year holiday.
Technically, the bullish tone of the USD / JPY remains firm, especially if it remains above 114.40. A drop below 114.00 would ease upward pressures, while just below 113.60, a transition to a short-term neutral phase could be expected.
Technical levels
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