FXStreet – The dollar is expanding its sales compared to the Japanese counterpart in the second half of the week, the USD/JPY to a new Low in the vicinity of the 110,20 fell.
USD/JPY falls with U.S. yields
The Pair fell today to the third session in a row, and in the case of 110,20 the lowest level since April, has been reached.
The 10-year yield traded below 2.20% on the level of the middle of April, during the political turmoil to stop.
The Japanese Q1 GDP was better than expected. From the US, expect us next, the weekly unemployment benefits, the Philly Fed manufacturing index , and the Cleveland Fed L. Mester (2018 voters, hawkish) speech.
USD/JPY tested levels
Currently, the daily loss to -0.13% in 110,69 and the next supports is at 110,24 (Tief 18. May), 109,73 (200-day SMA) and 109,59 (76,4% Fibo from 108,11-114,39). On the other hand, Resistances lie at 111,79 (55-day SMA), 111,99 (38,2 % Fibo of the 108,11-114,39) and 112,13 (20-day SMA).
** FXStreet News Editorial, FXStreet**