The greenback rose against a wide range of currencies. USD/JPY was, however, capped at the familiar 110.20 200-D SMA resistance overnight. USD/JPY has been well placed on the 110 handle with a slightly better tone in risk-sentiment on Tuesday while the Trump Administration signals that it would back down on new investment restrictions against China. USD/JPY was, however, capped at the familiar 110.20 200-D SMA resistance overnight, currently trading at 110.07 at the time of writing with a high of 1110.21 in Tokyo as well. Overnight, stocks were a main theme in the pair, while the yield spread played less of a role if only to weigh on the bull’s advances. USD/JPY bounced from 55-D SMA down in the 109.30’s to the 200-DMA. Wall Street buoyed by energy, ends day with modest gains The greenback rose against a wide range of currencies and the DXY recovered last two days’ losses, trading for the best part of the NY session the higher range of between 94.1710-94.7720. The US 10yr treasury yield, however, saw a slight change and ranged sideways between 2.86% and 2.90%, while 2yr yields ranged between 2.52% and 2.55%. Fed fund futures yields continued to price 1.5 more hikes for 2018. The day ahead: “May data on durable goods orders, pending home sales and wholesale inventories. DGOs are seen -1% m/m but +0.5% ex-transportation goods i.e. Boeing orders must have been softer. The pending home sales report is usually overlooked but any surprise in the inventories data would see economists tweak their Q2 GDP estimates. The median forecast on Bloomberg is 2.9% annualized but there has been a lot of talk of a much stronger headline reading. Fedspeak continues with Governor Quarles on bank regulation and Boston Fed president Rosengren on ethics and economics,” analysts at Westpac noted USD/JPY levels Valeria Bednarik, chief analyst at FXStreet explained that in the 4 hours chart, the pair trimmed its Monday’s losses and is currently trading a handful of pips above its 100 and 200 SMA which continue lacking directional strength: “Technical indicators have advanced enough to enter positive territory, favoring additional advances, particularly if the pair continues advancing beyond the current 110.10/20 region.” 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 Economists see two more Fed rate hikes, but higher chance of recession – Reuters Poll FX Street 5 years The greenback rose against a wide range of currencies. USD/JPY was, however, capped at the familiar 110.20 200-D SMA resistance overnight. USD/JPY has been well placed on the 110 handle with a slightly better tone in risk-sentiment on Tuesday while the Trump Administration signals that it would back down on new investment restrictions against China. USD/JPY was, however, capped at the familiar 110.20 200-D SMA resistance overnight, currently trading at 110.07 at the time of writing with a high of 1110.21 in Tokyo as well. Overnight, stocks were a main theme in the pair, while the yield spread played… 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.