The USD/JPY pair trades near this year high at 108.64 as yields continue to provide support. USD/JPY is bullish despite overbought conditions and could reach the 109.00 price zone, according to FXStreet’s Chief Analyst Valeria Bednarik. See – USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally – MUFG Key quotes “The yield on the benchmark 10-year Treasury note stands at 1.60%, not far from its YTD high of 1.62%. The greenback started the week down amid weekend news indicating progress in the US stimulus bill and spurring some risk-appetite. Nevertheless, equities edged lower in Asia, while European indexes hold within positive levels but retreating from intraday highs.” “USD/JPY is overbought but still bullish. The pair could reach the 109.00 level should yields keep rising, but the risk of a bearish corrective decline increases if the rally extends beyond that level.” 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 IRS sends warning to cryptocurrency holders: report taxes or go to jail FX Street 1 year The USD/JPY pair trades near this year high at 108.64 as yields continue to provide support. USD/JPY is bullish despite overbought conditions and could reach the 109.00 price zone, according to FXStreet's Chief Analyst Valeria Bednarik. See - USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally - MUFG Key quotes "The yield on the benchmark 10-year Treasury note stands at 1.60%, not far from its YTD high of 1.62%. The greenback started the week down amid weekend news indicating progress in the US stimulus bill and spurring some risk-appetite. Nevertheless, equities edged lower in… 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.
