The USD/JPY trades above the 108.00 resistance as the pair runs higher narrowly on UST-JGB yield differentials, and this leaves scope of pull-back if UST yields retrace after Nonfarm payrolls (13:30 GMT), Terence Wu, FX Strategists at OCBC Bank, reports. Key quotes “The USD/JPY rise extended to 108.00 before pausing, as higher UST back-end yields support. This has brought the pair way higher beyond the usual confidence intervals on the short-term implied valuations.” “Expect yield differential dynamics to continue being the driver for now.” “Support moves higher to 107.20/30, against resistance at 1.1820.” “If the pair can stay sustained to close the week, a march towards 110.00 cannot be ruled out.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD ticks higher to $1700 neighbourhood, lacks follow-through FX Street 1 year The USD/JPY trades above the 108.00 resistance as the pair runs higher narrowly on UST-JGB yield differentials, and this leaves scope of pull-back if UST yields retrace after Nonfarm payrolls (13:30 GMT), Terence Wu, FX Strategists at OCBC Bank, reports. Key quotes "The USD/JPY rise extended to 108.00 before pausing, as higher UST back-end yields support. This has brought the pair way higher beyond the usual confidence intervals on the short-term implied valuations." "Expect yield differential dynamics to continue being the driver for now." "Support moves higher to 107.20/30, against resistance at 1.1820." "If the pair can… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
