FXStreet — The selling interest surrounding the Japanese currency remains to the week, a prelude to the exclusive driver for the currency pair USD/JPY. So, the US dollar rises to a new High at around 111,90.
USD/JPY focus on US data
The currency pair extended its recent recovery movement, supported by rising US yields. Thus, the yield on 10-year US government bonds rose today to 2.31 percent.
In addition, the US Dollar Index managed to recover at least a portion of its recent losses and was quoted last above the psychologically important mark of 99 points.
The purchasing managers ‘ index for Manufacturing in Japan fell by report month of April from 52.8 to 52.7 points. In the United States, the ISM Index, as well as the personal spending and income, and the Fed prefer Inflationsmaß, the core rate of price increase for personal expenses, on the schedule today. In addition, US Treasury Secretary Steve Mnuchin will hold a speech.
Speculative financial investors ‘ net-Short positions in the JPY in the week to may 25. April to the lowest level since the end of November reduced, as the CFTC reported on Friday.
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The next Resistances lie at 1112,20 (to the power of 31. March), 112,68 (61.8% Fibo) and 113,39 (100-day line). Technical supports are at 111,04 (Deep 28. April), 110,94 (38,2% Fibo) and 110,85 (Deep 26. To find April).
** FXStreet News Editorial, FXStreet**
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