(VIANEWS) – USD/JPY fell to its lowest point in one week. The pair had fallen 0.65% to 109.67 at the time of writing.
The USD/JPY pair is under heavy bearish pressure due to the steep decline in US Treasury bond yields. The benchmark 10-year US Treasury Bond Yield is currently losing 4.5% per day at 1.3%.
USD/JPY (USDJPY) is currently on bearish momentum. At 14:06 EST on Sunday, 15 August, USD/JPY (USDJPY) is at 109.5900, 0.75% down since the last session’s close.
USD/JPY (USDJPY) Range
Regarding USD/JPY’s daily highs and lows, it’s 0.689% down from its trailing 24 hours low of $110.35 and 0.77% down from its trailing 24 hours high of $110.44.
USD/JPY’s yearly highs and lows, it’s 6.823% up from its 52-week low and 1.85% down from its 52-week high.
USD/JPY’s last week, last month’s, and last quarter’s current volatility was a negative 0.15%, a negative 0.05%, and a positive 0.36%, respectively.
USD/JPY’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.29% (last week), 0.28% (last month), and 0.36% (last quarter), respectively.
Last news about USD/JPY (USDJPY)
Usd/jpy price analysis: Thursday’s doji keeps buyers hopeful around 110.50. According to FXStreet on Friday, 13 August, “Though, a clear break of the broad 110.70-80 resistance zone, comprising multiple levels marked since June, becomes necessary for the USD/JPY to tighten the grips.”, “Alternatively, 50-DMA and 100-DMA, near 110.20 and 109.70 in that order, restrict the USD/JPY pair’s short-term downside.”
Usd/jpy to simmer a push towards the 111.70/112.20 zone – westpac. According to FXStreet on Thursday, 12 August, “We maintain the view that USD/JPY is stuck in a broad range – unable to push much above 110.50, unwilling to push much below 109.25. ”
Usd/jpy struggles for direction, consolidates in a range below mid-110.00s. According to FXStreet on Thursday, 12 August, “This was evident from a softer tone around the equity markets, which benefitted the safe-haven Japanese yen and was seen as another factor that kept a lid on the USD/JPY pair.”, “However, the fact that Fed officials have started to guide the market towards early tapering and higher interest rates as soon as 2022 helped limit the downside for the USD/JPY pair. ”
Usd/jpy to continue enjoying bullish momentum while above 110.00 – OCBC. According to FXStreet on Friday, 13 August, “Analysts at OCBC Bank maintain a positive bias in the pair as USD/JPY trades above the 110.00 level.”
Usd/jpy declines below 110.30 as US treasury bond yields turn south. According to FXStreet on Friday, 13 August, “In the absence of significant fundamental drivers, the more-than-1% decline witnessed in the benchmark 10-year US Treasury bond yield seems to be weighing on USD/JPY ahead of the weekend.”, “In the meantime, S&P Futures and Nasdaq Futures both trade flat on the day, suggesting that risk perception will not be able to provide a directional clue to USD/JPY in the second half of the day.”
More news about USD/JPY (USDJPY).