USD/JPY higher, 111.00 on the radar

The dollar is extending its upward momentum against its japanese counterpart on Tuesday, raising now the USD/JPY to new highs beyond 110.80.

USD/JPY on the yields of u.s.

The couple faced an additional pressure to the upside after the continuation of the rise in yields on u.s. and despite the fact that the Consumer Confidence CB of the united States came to miss expectations for the month of April (120.3 versus 122.5).

The returns americans are trading in the upper end of the range daily, with the benchmark 10-year U.s. near the highs of the session at around 2.31%.

More results bulletin of the united states saw the sales of dwellings and the index S&P/Case-Shiller exceed estimates.

USD/JPY levels to consider

At the time of writing, the pair is gaining 0.92% 110.78 and a maximum of 110.94 (38.2% Fibonacci retracement of the fall march-April) would have the objective of 111.58 (maximum 10 April) and then 112.01 (SMA 55).

On the other hand, the next support aligns at 109.86 (23.6% Fibonacci retracement of the fall march-April) followed by 108.95 (SMA 200) and finally 108.11 (a minimum of 17 April 2017).

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