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USD/JPY recovers some of its post-CPI drop as dollar holds firmer on the day

It's a bit of a mixed picture in markets today as bond yields are holding steadier, while the dollar is actually advancing slightly despite equities keeping higher in European trading. USD/JPY is up 0.3% to 134.80 at the moment but is facing some near-term resistance from its 100-hour moving average:Since the end of last week, buyers have struggled to seize back near-term control of the pair with the 200-hour moving average (blue line) helping to limit gains just above 135.00. Right now, we're s... Read More

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Content Topics

Usd

Jpy

Recovers

Some

Post

Cpi

Drop

Dollar

Holds

Firmer

Usd jpy

Post cpi

Forex

Posted: May 11 2023, 09:23

Author Name: forexlive

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