9:49 AM · 7 October 2020

🔼 USDJPY at 3-week high! 💲

USDJPY has been on the rise this week and managed to break to a 3-week high today above 105.80. The pair is being supported by US yields that increased after a set of slightly better than expected data. USDJPY is approaching 106.00 handle, a level not seen since September 14. Today's FOMC Minutes release at 7:00 pm BST is a major risk event for the pair.

USDJPY broke above mid-term resistance at 105.80 and reached a 3-week high. Source: xStation5

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