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USD/JPY: Limited downside while above the 108.80 mark

The USD/JPY pair hovers around 109.10, losing bullish potential but without signs of an imminent break lower. Immediate support level is seen at 108.80, ....

Valeria Bednarik , Chief Analyst , January Machinery Orders , January Tertiary Industry Index , தலைமை ஆய்வாளர் , ஜனவரி இயந்திரங்கள் ஆர்டர்ஸ் , ஜனவரி மூன்றாம் நிலை தொழில் குறியீட்டு ,

USD/JPY Forecast: Bulls retain control and aim to 110.00

3/14/2021 12:53:50 PM GMT
USD/JPY Current price: 109.01
Fresh one-year highs in US government bond yields underpinned the pair.
Wall Street closed mixed, DJIA and S&P keep pressuring all-time highs.
USD/JPY is bullish despite its extreme overbought conditions.
The USD/JPY pair posted substantial gains for a fourth consecutive week, settling a few pips above the 109.00 figure. The pair advanced sharply on Friday, underpinned by US government bond yields hitting fresh one-year highs. The yield on the 10-year note peaked at 1.642%, to settle at 1.62%. Stocks were mixed as the DJIA and the S&P advanced, but the Nasdaq closed in the red amid the tech sector underperforming. ....

Manufacturing Conditions Index , January Machinery Orders , Tertiary Industry Index , Yield Curve , உற்பத்தி நிபந்தனைகள் குறியீட்டு , ஜனவரி இயந்திரங்கள் ஆர்டர்ஸ் , மூன்றாம் நிலை தொழில் குறியீட்டு , மகசூல் வளைவு ,