USD/JPY jumps in the direction of 111,80

FXStreet – The Dollar has received in the last hour of the bid. Price support rates here rising US. The USD/JPY climbed in just a few minutes from 111,10 on 111,78 and marked the highest level since Wednesday.

The currency pair remains near the highs, and thus the trend is short term bullish. The recent rally, ending the lethargic trading on the last three days.

The Yen depreciated as a reaction to falling bond prices in the United States. The yield on 10-year US government bonds climbed from 2,236 per cent to 2,275 percent. The US exchanges were relatively stable despite the recent price Chan effects of the currency and bond markets. The Dow Jones is up 0.17%, while the Nasdaq is little changed.

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Technical Levels

On top of day-to-day define high at 111,80, the psychological mark at 112,00 and the Low of the 04. May the next Resistances. Supports on the other hand, 111,30/35 (previous day high), 110,85 (daily low) and 110,50 (Deep 17. To find may).

** FXStreet News Editorial, FXStreet**

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