The USD/JPY pair announced its rise after all and retreated from the low recorded last Wednesday at 140.71 but stopped before the low recorded in December 2023 at 140.248. The low reached 140.43.
With the price back above the 100-hour moving average at 141.07, it keeps buyers in the game. However, they will still need to surpass the 200-hour moving average and the swing zone between 141.69 and 141.942. The 100-200 hour moving average is neutral or above in the near term at least.
Major stock indices are now in negative territory.
- The Dow Industrial Average is -0.09%.
- The S&P fell -0.11%.
- Nasdaq down -0.14%
A look at the US debt market:
- 2-year yield 3.600%, +0.6bp
- 5-year yield 3.463%, +3.1bps
- 10-year yield 3.688%, +4.7bps
- 30-year yield 4.014%, +6.1bps
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