The USD/JPY pair hit 110.38, a fresh one-year high, as government bond yields resumed their advances, trading also a fresh one-year high. In the view of FXStreet’s Chief Analyst Valeria Bednarik, USD/JPY is set to continue rallying. See: USD/JPY to hit new highs fueled by rising long-term US yields – MUFG Key quotes “Japan published the February Unemployment Rate, which remained at 2.9%, better than the 3.0% expected. Also, Large Retailer Sales declined by less than anticipated, down by 4.7% in February.” “The US will publish some minor figures and CB Consumer Confidence, foreseen at 96.9 in March from 91.3 in the previous month.” “The USD/JPY pair could resume its advance once above 110.40, now the immediate resistance 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 EUR/NOK bounces off weekly lows near 10.0300 FX Street 8 months The USD/JPY pair hit 110.38, a fresh one-year high, as government bond yields resumed their advances, trading also a fresh one-year high. In the view of FXStreet's Chief Analyst Valeria Bednarik, USD/JPY is set to continue rallying. See: USD/JPY to hit new highs fueled by rising long-term US yields - MUFG Key quotes "Japan published the February Unemployment Rate, which remained at 2.9%, better than the 3.0% expected. Also, Large Retailer Sales declined by less than anticipated, down by 4.7% in February." "The US will publish some minor figures and CB Consumer Confidence, foreseen at 96.9 in March from… 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.
