Dollar continues to post gains against the Yen as bonds boost the Dollar. Broader market correction sees risk flows edging cautiously out of the safe-haven Yen. The USD/JPY pairing is testing close to Wednesday’s high, near 110.40 as the Greenback corrects the early week’s slide, bolstered by rising Treasury yields. After a quick decline earlier in the week the USD is grinding higher against the Yen, lifting in Wednesday’s trading to continue the technical correction from the week’s bottom at 109.55. Foreign investment in Japanese stocks contracted further, sinking to ¥-40.8 billion after the previous reading of ¥-108.3 billion, but on the flip side, foreign investment in Japanese bonds surged to ¥1.49 trillion after printing a ¥-475.6 billion decline in the previous period. Thursday will also bring y/y National CPI figures for Japan beginning late at 23:30 GMT, with the headline figure expected to come in at 0.3%, a notable decline from the previous reading of 0.6% as inflation continues to slump far below the Bank of Japan’s inflation target of 2%. USD/JPY levels to watch The pair’s latest bullish correction isn’t necessarily promising further gains, and as FXStreet’s own Valeria Bednarik noted, “according to the 4 hours chart, the upside potential is limited, as technical indicators hold below their mid-lines with modest upward slopes, indicating no buying interest. The pair is resting above directionless 100 and 200 moving averages, which converge around 109.85, providing a short-term support.” Support levels: 110.15 109.85 109.55 Resistance levels: 110.45 110.90 111.34 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 PBOC sets Yuan reference rate at 6.4706 FX Street 5 years Dollar continues to post gains against the Yen as bonds boost the Dollar. Broader market correction sees risk flows edging cautiously out of the safe-haven Yen. The USD/JPY pairing is testing close to Wednesday's high, near 110.40 as the Greenback corrects the early week's slide, bolstered by rising Treasury yields. After a quick decline earlier in the week the USD is grinding higher against the Yen, lifting in Wednesday's trading to continue the technical correction from the week's bottom at 109.55. Foreign investment in Japanese stocks contracted further, sinking to ¥-40.8 billion after the previous reading of ¥-108.3… 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.