The USD/JPY pair hit 110.19 on Friday, its highest since early April, retreating afterwards to close the week with gains in the 109.80 price zone. The pair soared amid the prevalent dollar’s demand, easing ahead of the close on the heels of lower US government bond yields. The yield on the benchmark 10-year Treasury note peaked for the day at 1.62%, settling at 1.58%. Meanwhile, Wall Street managed to close in the green, although gains were limited as higher US inflation figures weighed on the investors’ mood.
Therefore, the Bearish bias will be suggested in the upcoming sessions unless breaking 110.50 and closing with a daily candle below it .
Therefore, the Bearish bias will be suggested in the upcoming sessions unless breaking 110.50 and closing with a daily candle below it .
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full green