USD/JPY edges to the best levels of the day (update: one month high)

USD/JPY nears the November high

USD/JPY is threatening resistance at 113.82 as it edges to the highs of the day.

Four-hour chart:

A look at the last few weeks shows USD/JPY leading the rebound in US stocks. There isn’t much work to get back to the October highs.

Update: Some light stops hit in a rally to 113.84, a fresh one-month high.

Articles You May Like

NOK, SEK Shake as Iran Tension Threatens to Spark EU-US Trade War
Gold bulls taking control in the $1,400s again
USDCAD holding below the 100 hour MA
Atlanta Fed GDPNow remains unchanged at 1.6%
WTI Crude Oil Price Outlook: Pullback to Support, Can Bulls Hold?

Leave a Reply

Your email address will not be published. Required fields are marked *