The greenback continues to recover, and the USD/JPY pair trades at daily highs above the 103.60 price zone. More near-term gains are at sight with next resistance seen at 103.90, as FXStreet’s Chief Analyst Valeria Bednarik notes. Key quotes “The pair’s strength comes from government debt yields, which surged to multi-month highs on Wednesday, following news that US Democrats took control of Senate.” “The US will publish today the November Trade Balance and employment-related figures. Initial Jobless Claims for the week ended January 1 are foreseen at 833K. Later into the session, the country will release the December ISM Services PMI, foreseen at 54.9.” “The USD/JPY pair is shrugging off its bearish potential and could extend its advance, according to the near-term technical picture. The next relevant resistance is 103.90, with gains above the level opening doors for a steeper advance.” 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 EUR/USD Price Analysis: Corrective downside could test 1.2200 FX Street 11 months The greenback continues to recover, and the USD/JPY pair trades at daily highs above the 103.60 price zone. More near-term gains are at sight with next resistance seen at 103.90, as FXStreet’s Chief Analyst Valeria Bednarik notes. Key quotes “The pair’s strength comes from government debt yields, which surged to multi-month highs on Wednesday, following news that US Democrats took control of Senate.” “The US will publish today the November Trade Balance and employment-related figures. Initial Jobless Claims for the week ended January 1 are foreseen at 833K. Later into the session, the country will release the December ISM Services… Top 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.
