Back

USD/JPY advances to daily highs around 119.80

FXStreet (Tokyo) - The US dollar is extending it gains versus the Japanese Yen as the market is overall selling yens against its major competitors. After climbing 45 pips from 119.30, the USD/JPY is testing highs at 119.75.

Currently, USD/JPY is trading at 119.73, up 0.05% on the day, having posted a daily high at 119.79 and low at 119.35. Currently, USD/JPY is trading at 119.73, up 0.05% on the day, having posted a daily high at 119.79 and low at 119.35.

USD/JPY levels

If the pair extends gains, it will find resistances at 119.80, 120.00 and 120.15. To the downside, supports are at 119.50, 119.30 and 119.00.

Treasury yields rise ahead of the US data

The yields on the short duration and long duration treasuries in the US rose higher ahead of the data in the US which is expected to show Existing home sales rose at a faster rate in March.
Read more Previous

United States Existing Home Sales Change (MoM) above expectations (3%) in March: Actual (6.1%)

Read more Next