Home > Global channel >                 text

US Treasury yields rise, short-term bullish USD/JPY

March 15, 2019 01:45
source: Chart home

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it with you
  • Circle of friends


K picture usdjpy_0

US Treasury yields rise, short-term bullish USD/JPY - charter

USD/JPY fell below the rising wedge yesterday, indicating a return from the 112.14 high sell-off. However, thecurrencyThe pair's decline did not last long, and the price rebounded strongly around 111.00, probably because US Treasury yields rose.

Although official data show that the wholesale price index rose only 1.9% in the 12 months to February this year, the smallest increase since June 2017, the US 10-year bond yields still rose by 3 basis points.

Also released this weekCPIAnd WPI data have strengthened people's expectations that the Fed will remain on the sidelines in 2019.

So far, the 10-year US Treasury yield has risen to 2.63%. The rise in yields may be related to rising risk appetite and optimism in durable goods orders, which bodes well for the dollar.

The USD/JPY 4-hour chart shows that the downward callback from the 112.14 high has ended and the pair has re-turned to bullish. The upper resistance is seen at 111.86 and the further resistance is at 112.14. But if the price falls back and falls below 111.46, the bullish outlook may be weaker.

On the downside, the USDJPY needs to fall below 111.00 to confirm the decline.

  Support position

  • 111.46 (the support level converted from the previous resistance)

  • 111.32 (200-day moving average)

  • 111.00 (last day low)

  Resistance level

  • 111.61 (112.14-110.75 Fibonacci 61.8% retracement)

  • 111.86 (key price in the 4 hour chart)

  • 112.14 (recent high)

(Article source: Chart home)

                (Editor: DF392)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
    click to see more
    No more recommendations
    • name
    • Latest price
    • Rise and fall
    • Quote change
    Please download Oriental Fortune products to view real-time quotes and more data.
    Solemnly declare:Oriental Fortune.com publishes this information in order to disseminate more information and has nothing to do with the position of this website. Oriental Fortune Network does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.