USDJPY moves to a new session high

The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term is moving to a new high. and in the process has reached the 50% of the last trend move lowerat 142.157.

The next target to the upside is the swing high from November 11 at 142.467. That was the corrective high off the lows from the CPI tumble on November 10 and into November 11. Move above that level and the buyers assume more control.

US yields area near unchanged in the 10 year and still lower in the 30 year. However, the 2 year is now up 3 basis points on the day at 4.5395%. The low reached 4.495% before rebounding.