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USDJPY trades back toward week's high

The USDJPY is reversing back to the upside helped by higher rates. The 2-year yield is up 7.1 basis points to 4.34%. The 10-year is up 6.7 basis points 3.714%. Technically, the price is also being supported by the inability to move back below the old swing highs from 2023. Recall that in March, the high price reached 137.91. In early May, the high price reached 137.761. Yesterday the price extended above those highs and stayed above. Today's corrective move came down to a low of 137.959 - about... Read More

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Posted: May 19 2023, 14:02

Author Name: forexlive

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