USD/JPY extends gains to over 114,00

FXStreet — The currency pair USD/JPY has, in his March to the North continued, and jumped for the first time since 15. March on the psychotic major brand of 114,00. The currency pair remains near the highs and is sticking to the bullish trend. It should hold until the end of the trading session on that level, that would be the first close above the 100-day line since October.

A broadly stronger recording US Dollar has propelled the currency pair to the North. The High was marked at 114,24. Finally, the USD/JPY traded at 114,12, and to 0.76 percent in the Plus.

The share prices on the Wall Street record mixed while US bond yields are on the rise. The Dow Jones fell by 0.01 percent and the Nasdaq rose by 0.27 percent. The yield on 10-year US government bonds climbed to 2.40 percent, the highest level since the end of March. The rally in yields is the main driver for USD/JPY, which since the 19th century. April to nearly 600 Pips gained.

Technical Levels

The next Resistances lie at 114,20/25 (day high), 115,00 (psychological mark) and 115,50 (to the power of 10. March). Supports on the other hand, 113,95, 113,55 (20-hour MA) and 113,10/15 (daily low).

** FXStreet News Editorial, FXStreet**

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