(VIANEWS) – USD/JPY (USDJPY) has been up by 2.64% for the last 21 sessions. At 16:06 EST on Monday, 1 July, USD/JPY (USDJPY) is $161.44.
Usd/jpy trades with positive bias near 161.00, just below its highest level since 1986
This, in turn, lifts the US Treasury bond yields to a multi-week top and continues to underpin the US Dollar, lending additional support to the USD/JPY pair and validating the positive outlook., This, along with the wide interest rate differential between the United States and Japan, might continue to act as a tailwind for the USD/JPY pair.
USD/JPY’s yearly highs and lows, it’s 17.569% up from its 52-week low and 0.178% down from its 52-week high.
Volatility
USD/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.15%, 0.12%, and 0.36%, respectively.
USD/JPY’s highest amplitude of average volatility was 0.22% (last week), 0.31% (last month), and 0.36% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/JPY’s Forex is considered to be oversold (<=20).
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