USD/JPY stretches to a session high of 105.75

February 22, 2021

The USD/JPY pair is currently stretching to a session high of 105.75 as the dollar is keeping firmer across the pond. The dollar is supported by the recent rise in US Treasury rates.

Also, price pushing back over its 100-hour moving average, and buyers will build up a more bullish near term bias on a break over that.

Regardless of the dollar indeed attempting to stay up with improvements on the lookout, the 106.00 handle is the key level to watch.

Buyers can take some solace from a push back over the 200-day MA @ 104.49 once more. However, they actually need to clear the 106.00 obstacle before extending any further upside momentum.

 

USD/JPY STRETCHES TO A SESSION HIGH OF 105.75https://t.co/9NnqVgtSoq#forex #forexsignals #forexalerts #forexnews #forexusdjpy pic.twitter.com/Q5cA7EATGW

— 360ForexSignals.com (@petromenea) February 22, 2021