USDJPY extends to a new session high. Breaks above swing area high at 145.90

The USDJPY is trading to a new session high and in the process is breaking above the 146.000 level for the first time since November 10. The high price is also extending above a swing area between 144.98 and 145.90. Yesterday, the low price came within 11 pips of the low of that swing area, and the high was within 4 pips of the high of the swing area.

Staying above 145.90 keeps the buyers firmly in control.

Yields are now higher across the board:

  • 2 year yield 4.965%, +1.1 basis points
  • 5 year yield 4.399%, +2.1 basis points
  • 10 year yield 4.250% +2.9 basis points
  • 30 year yield 4.350% +3.0 basis points

US stocks remain depressed:

  • Dow Jones -92 points or -0.26%
  • S&P -16.2 points or -0.36%
  • NASDAQ index -93 points or -0.69%
  • Russell 2000 is down -13.56 or -0.72%

This article was written by Greg Michalowski at www.forexlive.com. Source