US Dollar gains momentum as Wall Street extends recovery. USD/JPY rises back above 110.00 and eyes Friday’s highs The USD/JPY pair has been rising constantly during the US session. It broke above 110.00 and printed a fresh daily high at 110.17. It was holding near the highs, headed toward the highest close since last Wednesday. US Dollar Index Futures broke above 94.25 and rose to 94.41, extending the recovery after falling on Asian hours to 93.78, the lowest since June 14. The current move higher so far is unclear if represents a correction of the move lower that started last week or the beginning of renewed USD strength. The yen weakened against the US dollar as equity prices in Wall Street rise further. The Dow Jones was up 0.50% after posting yesterday the lowest close in 7 weeks. The improvement in sentiment offered an impulse to the USD/JPY. USD/JPY Technical levels To the upside, resistance levels might be located at 110.20 (Jun 22 high), 110.45 and 110.75 (Jun 21 high). On the flip side, support levels could be seen at 110.00/05 (Jun 25 high), 109.50/55 (Jun 19 low) and 109.35 (Jun 25 & 26 low). 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/CHF pushes above 0.99 on improved sentiment and stronger greenback FX Street 4 years US Dollar gains momentum as Wall Street extends recovery. USD/JPY rises back above 110.00 and eyes Friday's highs The USD/JPY pair has been rising constantly during the US session. It broke above 110.00 and printed a fresh daily high at 110.17. It was holding near the highs, headed toward the highest close since last Wednesday. US Dollar Index Futures broke above 94.25 and rose to 94.41, extending the recovery after falling on Asian hours to 93.78, the lowest since June 14. The current move higher so far is unclear if represents a correction of the move lower that started last… 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.
