fxstreet.com 08 Feb, 2021 20:15 am

Corrective decline underway, next movements depending on yields’ behaviour

Corrective decline underway, next movements depending on yields’ behaviour
The USD/JPY pair retreated from a daily high of 105.66, trading in the red for most of the American session to finish the day near a daily low at 105

USD/JPY pair is trading at daily lows and could extend the decline in the next sessions.The USD/JPY pair retreated from a daily high of 105.USD/JPY short-term technical outlook The USD/JPY pair could extend its decline in the next few sessions, particularly if it extends its decline below the mentioned daily low.22 US Treasury yields reached their highest since March 2020 before changing course.

20%, while that of the 30-year note briefly topped 2%, their highest since March 2020.Support levels: 105.

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