USD/JPY adds to Wednesday’s gains and navigates the area of multi-day peaks above the 109.00 mark amidst a steady performance of US yields and a gradual uptick in the greenback. According to FXStreet’s Pablo Piovano, there is still room for extra upside. Key quotes “Speculations of higher inflation in the months to come and as a direct consequence of rising fiscal spending are expected to keep bolstering the upside momentum in US yields, and therefore support further the idea of extra gains in USD/JPY via a softer Japanese yen.” “Later in the US docket, the final Q4 GDP figures will be published along with weekly Claims. Additionally, FOMC’s R.Clarida (permanent voter, dovish) is also due to speak.” “Occasional bearish attempts in USD/JPY are forecast to meet support in the 108.40/30 band (recent weekly lows). A breach of this contention zone is not predicted to meet any support of relevance until the 106.20 region, where coincides the 50-day SMA and the February 17 top.” “On the upside, a surpass of the YTD high at 109.36 (March 15) should open the door to the June 2020 high at 109.85 ahead of the psychological 110.00 mark.” 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 Malaysia: Inflation expected to pick up pace later in 2021 – UOB FX Street 9 months USD/JPY adds to Wednesday's gains and navigates the area of multi-day peaks above the 109.00 mark amidst a steady performance of US yields and a gradual uptick in the greenback. According to FXStreet's Pablo Piovano, there is still room for extra upside. Key quotes "Speculations of higher inflation in the months to come and as a direct consequence of rising fiscal spending are expected to keep bolstering the upside momentum in US yields, and therefore support further the idea of extra gains in USD/JPY via a softer Japanese yen." "Later in the US docket, the final Q4 GDP figures will… 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.
