US Retail Sales fell more than expected in February. US Dollar Index extends rally above 99.50 on Tuesday. 10-year US T-bond yields rebound, Wall Street opens in green. The USD/JPY pair edged higher during the early American session on Tuesday and rose above the 107 handle. As of writing, the pair was up 1.1% on the day at 107.02. Markets ignore US data The data from the US showed that Retail Sales in February declined by 0.5% to fall short of the market estimate for an increase of 0.2%. However, Industrial Production in the same period rose 0.6% unexpectedly to help the greenback preserve its strength. More importantly, heightened worries over a funding shortage amid strong demand in the face of a liquidity squeeze lift the USD higher against its rivals. As of writing, the US Dollar Index was up 1.55% on the day at 99.50. In the meantime, Wall Street’s main indexes started the day in the positive territory to make it difficult for the JPY to attract investors. Moreover, the 10-year US Treasury bond yield is adding more than 8% to help the pair preserve its bullish momentum on Tuesday. During the early trading hours of the Asian session on Wednesday, Trade Balance data from Japan will be looked upon for fresh impetus. 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 USD/JPY climbs above 107 as USD strength continues to dominate FX markets FX Street 2 years US Retail Sales fell more than expected in February. US Dollar Index extends rally above 99.50 on Tuesday. 10-year US T-bond yields rebound, Wall Street opens in green. The USD/JPY pair edged higher during the early American session on Tuesday and rose above the 107 handle. As of writing, the pair was up 1.1% on the day at 107.02. Markets ignore US data The data from the US showed that Retail Sales in February declined by 0.5% to fall short of the market estimate for an increase of 0.2%. However, Industrial Production in the same period rose 0.6% unexpectedly to… 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.
