USD/JPY bulls seeking a test of the 110 area for a 12-month high. Traders await the US jobs reports later this week and US stimulus noise. At the time of writing, USD/JPY is trading at 109.80 ad flat on the day so far. The pair has stuck to a tight range between 109.72 and 109.88 as traders assess the landscape following a mixed session on Wall Street. USD/JPY was printing as low as 109.37 in Asia trade on Monday but it gained ground towards the twelve-month highs in the 110 area to a high of 109.80 on Wall Street as the US dollar firmed. Wall Street’s main benchmarks started the week on the back foot. This has supported the US dollar as news circulated that global banks, such as Credit Suisse and Nomura, said they faced potential large losses after the New York City-based Archegos Capital defaulted on its margin call. Nevertheless, the US treasury yields were higher as investors awaited President Biden’s announcement of the $4tn infrastructure plan. The 2-year government bond yields increased 1bp to 0.15%, 10-year government bond yields grew from 1.63% to 1.71%, testament to what is expected to be strong jobs reports later this week, strong growth and inflation. The US dollar is firm on prospects of higher rates and this week’s Nonfarm Payrolls will be closely monitored for more inflationary risks. 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 Silver Price Analysis: XAG/USD bears keep controls depite pullback towards $25.00 FX Street 1 year USD/JPY bulls seeking a test of the 110 area for a 12-month high. Traders await the US jobs reports later this week and US stimulus noise. At the time of writing, USD/JPY is trading at 109.80 ad flat on the day so far. The pair has stuck to a tight range between 109.72 and 109.88 as traders assess the landscape following a mixed session on Wall Street. USD/JPY was printing as low as 109.37 in Asia trade on Monday but it gained ground towards the twelve-month highs in the 110 area to a high of 109.80 on… 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.