USDJPY above the 50% midpoint
Because the US yields have reversed and commerce close to highs with the 10-year now up at 4.431% up 2.1 foundation factors, the USDJPY has continued its run to the upside.
The pair has now moved above its 50% midpoint of the transfer down from final week’s excessive. That top got here in at 151.904 which was the very best stage going again to 2022.
The following transfer to the draw back took the worth all the way down to 147.143 simply yesterday. That may be a transfer of round 475 pips in 6 buying and selling days. The following rise has now taken the worth up round 259 pips in little over one buying and selling day.
