USD/JPY bulls looking into the 11 handle. “The pair would need to extend its gains beyond 111.10 to be able to continue rallying”. USD/JPY is currently trading at 110.97, knocking on the doors of the 111 the figure once again where corporate exporter offers are sighted, holding up the pace of the attack. USD/JPY has so far made a high of 111.00 from an early Asian low of 110.83. Wall Street closes substantially higher as earnings season looms Trade overnight was risk-on, as investors take profits on the tariff news instead of running for cover. USD/JPY subsequently rallied from 110.40 in London following a strong performance in China and a modest upside in European bourses, (despite the Brexit angst), and more supply arrived in the yen when NY traders came online as Wall Street rallies by three digits in the DJIA, up over 320 points. However, overall, the dollar was mixed, (DXY 93.7130-94.2060).  Firming US yields props the pair up for a test of the 111 handle Additionally, firming US treasury yields added to the pairs northerly trajectory – the benchmark US 10yr treasury yield climbed from 2.84% to 2.86% while 2yr yields rose from 2.55% to 2.57%. The Fed fund futures yields continued to price 1 ½ more hikes in 2018.  USD/JPY levels Valeria Bednarik, chief analyst at FXStreet explained that the short-term outlook for the pair is bullish: “It managed to hold above a directionless 100 SMA, while technical indicators entered positive territory, maintaining their bullish slopes at their highest in over a week. The pair would need to extend its gains beyond 111.10 to be able to continue rallying, eyeing initially 111.40, May’s monthly high.” 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 GBP/JPY Technical Analysis: Guppy keeps afloat above 147.00 following Monday’s peak-and-drop FX Street 4 years USD/JPY bulls looking into the 11 handle. "The pair would need to extend its gains beyond 111.10 to be able to continue rallying". USD/JPY is currently trading at 110.97, knocking on the doors of the 111 the figure once again where corporate exporter offers are sighted, holding up the pace of the attack. USD/JPY has so far made a high of 111.00 from an early Asian low of 110.83. Wall Street closes substantially higher as earnings season looms Trade overnight was risk-on, as investors take profits on the tariff news instead of running for cover. USD/JPY subsequently rallied from 110.40… 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.