Forex Special :-
The Dollar extended the upside against the Yen supported by risk appetite and upbeat US data. USD/JPY jumped to 83.77, reaching levels not seen since October 5. Currently trades at 83.60/65, 0.55% above today’s opening price.
The pair is moving further away from 15-year lows at 80.25/30 and is extending weekly gains to more than a hundred pips.
A decline in US government bonds is sending yields higher, weakening the Yen further. The Japanese currency is falling sharply and during the American session reached fresh daily lows across the board.
USD/JPY (Nov 18 at 17:20 GMT)
83.59/61 (0.50%)
H 83.8 L 83.095
| S3 | S2 | S1 | R1 | R2 | R3 |
| 82.4258 | 82.6329 | 82.8400 | 83.3700 | 83.5784 | 83.7868 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Nov 18 at 17:15 (15-minute timeframe) | |
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