fxstreet.com 31 Jan, 2021 14:00 am

Supported by dollar’s demand and rising yields

Supported by dollar’s demand and rising yields
The USD/JPY pair jumped to 104.93 last Friday, a level that was last seen mid-November, to close the day with substantial gains in the 104.70 price z

Japan will release the January Jibun Bank Manufacturing PMI, previously at 49.At the beginning of the week, the country will release the January Jibun Bank Manufacturing PMI, previously at 49.The 20 SMA has turned north below it, while technical indicators advance within positive levels, supporting a continued advance.Moving averages head firmly higher below the current level while technical indicators barely retreated from extreme overbought conditions.

74 US Treasury yields advanced, underpinned by encouraging US data.07%, underpinned by encouraging US data released on Thursday.

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