USD/JPY Price Analysis: Defends 131.00 as geopolitical tensions in US-North Korea escalate USDJPY NFP DollarIndex Reversal Fibonacci
et is backed by an extension of reversal in the US Dollar Index . The USD Index has firmly climbed above the 102.00 resistance and is expected to record more upside amid deepening geopolitical tensions between theS&P500 futures have extended their downside after a two-day losing spell amid escalating geopolitical tensions, portraying a dismal market mood.
The US Dollar Index is attracting bids amid improvement in its safe-haven appeal amid geopolitical tensions. Also, investors are getting anxious ahead of the release of the United States Nonfarm Payrolls data. Meanwhile, the 10-year US Treasury yields have also recovered to 3.31%.retracement at 131.22 on an hourly scale. The 20-period Exponential Moving Average at 131.30 is still acting as a barricade for the US Dollar bulls.Should the asset break above the immediate resistance of 131.
On the contrary, a break below April 05 low at 130.63 would drag the asset towards the round-level support of 130.00. A break below the 130.00 support would expose the asset to March 24 low at 129.64.
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