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JPY: USDJPY tests the Overnight high

JPY
  • While the Pound and the EUR have paired some gains versus the Yen, the Dollar is looking to make an attempt at its earlier overnight high of 157.83.
  • Risk On tone could be helping as the Emini extends further highs, and the US Yields are doing very little.
  • Nonetheless, initial focus for Market Participants is the 158.08 level, the December high.
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  • While the Pound and the EUR have paired some gains versus the Yen, the Dollar is looking to make an attempt at its earlier overnight high of 157.83.
  • Risk On tone could be helping as the Emini extends further highs, and the US Yields are doing very little.
  • Nonetheless, initial focus for Market Participants is the 158.08 level, the December high.