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USD/JPY looking bullish at multi-month highs after bouncing at key support zone

by Joel Frank
30 March 2021
in Forex
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USD/JPY is looking bullish above the 110.00 level after it bounced from key support in the 109.30-40 region. Bullish technicals combined with rising US government bond yields are behind the latest move. If US President Biden’s infrastructure stimulus announcement on Wednesday prompts further US bond yield upside, that would be bullish for USD/JPY.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:10 USDJPY

Tags: Covid-19USDJPYYields
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