USD/JPY prints session highs above 110.00 on rumors of US-China trade talks. The pair created a bearish outside-day candle yesterday. Bearish outside-day and potential key day reversal below 109.84. The USD/JPY is on the rise, having printed a session high of 110.08 earlier today, possibly on rumors of US-China trade talks. Bloomberg reported earlier today that some senior White House Officials are trying to restart talks with Beijing before the US tariffs on China come into effect on July 6. The rumor has likely lifted Asian stocks. At press time, big names like Shanghai Composite, Hang Seng, and Kospi are reporting moderate gains. Further, data released today showed the core consumer price inflation in Japan stays well below 50 percent of Bank of Japan’s (BOJ) target of 2 percent, meaning the central bank’s ultra-easy monetary policy will likely be on hold for a long period of time. Consequently, USD/JPY recovered from the session low of 109.83 to 110.08 and may rally further if the stocks in Europe and US post gains. Focus on today’s NY close A close below 109.84 (previous day’s low) would add credence to Thursday’s bearish outside-day candle and confirm a bearish trend reversal. Meanwhile, a close above 110.76 (previous day’s high) would put the bulls back into the driver’s seat. USD/JPY Technical Levels Resistance: 110.22 (200-day moving average), 110.76 (previous day’s high), 110.90 (June 15 high). Support: 109.84 (previous day’s low), 109.50 (ascending 50-day moving average), 108.82 (38.2% Fib R of 104.63-111.40). 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 Ripple price analysis: XRP/USD stays in a range as Brad Garlinghouse explains why it is not a security FX Street 5 years USD/JPY prints session highs above 110.00 on rumors of US-China trade talks. The pair created a bearish outside-day candle yesterday. Bearish outside-day and potential key day reversal below 109.84. The USD/JPY is on the rise, having printed a session high of 110.08 earlier today, possibly on rumors of US-China trade talks. Bloomberg reported earlier today that some senior White House Officials are trying to restart talks with Beijing before the US tariffs on China come into effect on July 6. The rumor has likely lifted Asian stocks. At press time, big names like Shanghai Composite, Hang Seng, and Kospi are… 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.