- The dollar is holding on to recent gains against the yen.
- USD / JPY in the zone of highs in a month, although below 115.00.
The USD / JPY is trading in neutral ground around 114.85, after falling to 114.73, the low of the day.. Previously, in hours of the Asian session, the pair rose to 114.94, the highest level since November 26.
The surgery continues with a low volume context, which favors the continuity of limited routes and in small ranges. In the case of USD / JPY, so far on Tuesday, the distance between the high and the low of the day does not exceed 20 pips. This could persist into next week, although a low volume does not prevent the possibility of harsh hauls.
The yen remains somewhat weak in the market given the continuity of the good mood of investors, which is reflected in the rise in equity markets throughout the world. Fewer fears about Omicron’s impact is a major factor today.
In turn, Treasury yields shown without major changes. If there is a rise in them, the dollar could gain momentum by pushing the USD / JPY to test 115.00. On the downside, the immediate support looming is at 114.50.
The focus of attention is to be expected to continue on the equity and bond markets. Figures for US home prices and the Richmond Fed manufacturing index will be released on Tuesday, which is not expected to have a big hit.
Technical levels
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