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USD/JPY following the US 10-year Treasury yields’ footsteps – USD/JPY Market Outlook – 02/11/2020

SquaredFinancial

The Dollar/Yen saw additional gains as expected as the 10-year note hit a multi-month high of 0.88% on Friday. Investors are favoring the USD as a safe haven currency over the anti-risk Yen, for now, ahead of the US election uncertainty. If the Treasury yields continue to recover then we could see the pair retesting the 105 critical resistance in today’s session.

Support: 104.50 / 104.25
Resistance: 104.85 / 105

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/usd-jpy-following-the-us-10-year-treasury-yields-footsteps-usd-jpy-market-outlook-02-11-2020
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