Traders struggled to choose between the two safe-havens during Tuesday’s risk-off. Light economic calendar keeps emphasizing political plays while looking for fresh direction. The USD/JPY pair trades little changed to 111.80 as Tokyo opens on Wednesday. The pair failed to justify the JPY’s safe-haven demand on Tuesday as the US Dollar (USD) was on the rise across the board. The quote remained mostly unchanged on Tuesday as traders struggled to justify their preference between the US Dollar (USD) and the Japanese Yen (JPY) during risk-off sentiment. The US 10-year treasury yield, mostly known as global risk barometer, slipped 2 basis points to 2.57% on Tuesday but remained unchanged at the start of Wednesday. Global equities also rose on the back of welcome earning reports from Twitter and Coca Cola while upbeat new home sales from the US was also a reason to help the USD remain firm. Looking forward, Japan’s leading economic index for February will be released at 05:00 AM and is expected to remain unchanged at 97.4. Other than Japan data, we have little details on the economic calendar and hence political events surrounding the US-China trade talks, Brexit and geopolitical plays concerning North Korea, Libya and Syria are likely to entertain traders. It should also be noted that investors are still nervous ahead of Friday’s US GDP data and the US earnings season is still on. USD/JPY Technical Analysis While 200-day simple moving average (SMA) level of 111.55 restricts the pair’s near-term declines, 112.15/20 is likely important resistance on the upside. Should prices rally beyond 112.20, 112.70, and 113.00 could flash on buyers’ radar whereas 50-day SMA level of 111.20 and 110.80 might entertain sellers during the quote’s declines under 111.55. 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 GBP/JPY Technical Analysis: At 200-day MA, eyes head-and-shoulders neckline support FX Street 4 years Traders struggled to choose between the two safe-havens during Tuesday's risk-off. Light economic calendar keeps emphasizing political plays while looking for fresh direction. The USD/JPY pair trades little changed to 111.80 as Tokyo opens on Wednesday. The pair failed to justify the JPY's safe-haven demand on Tuesday as the US Dollar (USD) was on the rise across the board. The quote remained mostly unchanged on Tuesday as traders struggled to justify their preference between the US Dollar (USD) and the Japanese Yen (JPY) during risk-off sentiment. The US 10-year treasury yield, mostly known as global risk barometer, slipped 2 basis… 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.