USD/JPY is edging higher in the second half of the day. Wall Street’s main indexes post strong gains on Monday. US Dollar Index stays in the positive territory after early slump. The USD/JPY pair spent the first half of the day moving sideways near 103.50 on Monday but started to edge higher during the American trading hours and touched a new 12-day top at 103.90. As of writing, the pair was up 0.36% on the day at 103.86. US stocks continue to push higher With the sharp upsurge witnessed in Wall Street’s main indexes confirming the dominance of risk flows at the start of the week, the JPY continues to have a difficult time finding demand. At the moment, the S&P 500 and the Nasdaq Composite indexes are up 0.85% and 0.9%, respectively. Furthermore, the 10-year US Treasury bond yield is rising more than 2% on the day, providing an additional boost to USD/JPY. US President Donald Trump’s decision to sign the coronavirus relief aid into law late on Sunday seems to be fueling the risk rally on Monday. In the meantime, the US Dollar Index is clinging to small daily gains near 90.30 to allow USD/JPY to stay in the positive territory. There won’t be any significant macroeconomic data releases in the remainder of the week and the choppy trading action is expected to persist ahead of the New Year holiday. Technical levels to watch for 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 NZD/USD slips under the 0.7100 level as US dollar grinds higher FX Street 2 years USD/JPY is edging higher in the second half of the day. Wall Street's main indexes post strong gains on Monday. US Dollar Index stays in the positive territory after early slump. The USD/JPY pair spent the first half of the day moving sideways near 103.50 on Monday but started to edge higher during the American trading hours and touched a new 12-day top at 103.90. As of writing, the pair was up 0.36% on the day at 103.86. US stocks continue to push higher With the sharp upsurge witnessed in Wall Street's main indexes confirming the dominance of risk flows… 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.
