USD/JPY: Upside falters just ahead of the 135.00 region – by pabspiovano USDJPY Currencies Majors
Dollar’s weakness and lower US yields weigh on the pair so far.Following a failed attempt to retest/surpass the 135.00 hurdle,USD/JPY weaker on yields, USD-selling
The renewed selling pressure in the greenback forces the USD Index to give away earlier gains and return to the sub-102.00 region, while the corrective decline in US yields across the curve collaborate further with the daily pullback in spot. In the US, Initial Claims went up by 245K in the week to April 15 and the Philly Fed Index worsened to -31.3 for the current month.As of writing the pair is losing 0.28% at 134.29 and faces the next support at 132.01 seconded by 130.62 and finally 129.63 . On the other hand, the surpass of 135.13 would expose 137.07 and then 137.91 .Information on these pages contains forward-looking statements that involve risks and uncertainties.
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