The USD/JPY the strong ascent started on Friday continues. The pair has risen close to 90 pips so far this Monday, jumping from the daily low of the Asian open at 112.15 to the new one. maximum of two years and ten months at 113.03 mid-morning European.
The impulse is caused by the soaring 10-year US bond yields, which has reached new highs since June above 1.61%. The DXY index that measures the greenback, meanwhile, has risen today to a daily ceiling at 94.29, maintaining the positive trend of the last week, when it reached an annual ceiling of 94.50.
With no data to be known today in the United States, the focus will be on Japan’s domestic inflation rate for the month of September, which is expected to have risen 0.3% monthly and 5.9% annually.
USD/JPY Niveles
With the pair trading at the time of writing above 112.99, gaining 0.69% daily, the first resistance to appear is at 113.52, December 17, 2018 high. If it jumps above 114.00, the next barrier will be at 114.55, October 3, 2018 high.
To the downside, initial support awaits at 112.15, the daily low. Below 112.00, the pair could fall towards the 111.50 zone, where it is the low of Friday, October 8.
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