Overnight, USD/JPY made a three-month high. USD/JPY a touch away from a test of the 200-DMA. USD/JPY is currently trading in the 108.60s in a tight spot and touch away from the 200-day moving average as risk appetite kicks in again. Overnight, USD/JPY made a three-month high at 108.94 before slipping to 108.60 and resting there for the Asian session. Brexit progress has lifted spirits and investor cheered progress over Turkey and Syria where a ceasefire was orchestrated by the US, announced by VP Pence in a press conference in the US session. Risk-on supporting USD/JPY On Wall Street, however, third-quarter U.S. earnings reports were a major focus which lifted the benchmarks and subsequently, the Dow Jones Industrial Average, DJIA, closed with a gain of around 26 points, or 0.1%, near 27,028. The Yen was thus pressured and USD/JPY was firm despite US September industrial production softer, falling -0.4%m/m against estimates of -0.2% while August was revised to +0.8%m/m from +0.6%m/m. As for yields, the US 2-year treasury yields rose from 1.58% to 1.64% on the Brexit headlines then slipped back to 1.60%, the 10-year yield from 1.72% to 1.80% and back to 1.75%. “Markets are pricing 20bp of easing at the 31 October meeting and a terminal rate of 1.24% (vs 1.88% currently),” analysts at Westpac explained. As for Japan, the US consumer Pirce Index was out ahead of the open, likely forcing the hand of the Bank of Japan. Japanese inflation data for September arrived with the headline Consumer Price index in at 0.2% Year over Year, (YoY) vs. the expected 0.2% & prior 0.3%. Japan CPI (YoY) sep: 0.2% (est 0.2%, prev 0.3%). Ex fresh food (YoY): 0.3% (est 0.3%, prev 0.5%). Ex fresh food, energy (YoY): 0.5% (est 0.5%, prev 0.6%). USD/JPY levels 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 China to post weakest GDP in at least 27-1/2 years – Reuters FX Street 4 years Overnight, USD/JPY made a three-month high. USD/JPY a touch away from a test of the 200-DMA. USD/JPY is currently trading in the 108.60s in a tight spot and touch away from the 200-day moving average as risk appetite kicks in again. Overnight, USD/JPY made a three-month high at 108.94 before slipping to 108.60 and resting there for the Asian session. Brexit progress has lifted spirits and investor cheered progress over Turkey and Syria where a ceasefire was orchestrated by the US, announced by VP Pence in a press conference in the US session. Risk-on supporting USD/JPY On Wall… 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.