USD/JPY

USD/JPY

Coronavirus developments in the US supported the anti-risk yen, as the number of new contagions in the US increases, stressing the health system. The dollar bulls, however, found support at 103.70 for now, as the 10-year Treasury yields inched higher to 0.88%. Today, once again, we will be watching the government yields as a leading indicator for this pair. We need to see a break below 103.70 or above 104 for further clarity. Support: 103.70 / 103.20 Resistance: 104 / 104.40