Today News: USD/JPY [1 Nov 2021] - Dailyforextrading.Net

USD/JPY climbs to over one-week tops

The USD/JPY pair edged higher through the early European
session and climbed to one-and-half-week tops,
around the 114.35 region in the last hour.

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Momentum Starts to Climb on Sustained
Move Over 113.975

The Dollar/Yen rose sharply on Friday as a jump in monthly
inflation data drove up the chances of a sooner-than
expected rate hike by the Federal Reserve

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Important Trading Week

For three weeks in a row, the USD/JPY has remained stable
around the 114.00 resistance, near a 3-year high,
amid strong expectations of a tightening of the
US Federal Reserve's policy.

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Bulls tighten grip and look for retest
of 2021 high

The USDJPY maintains firm tone and extends last Friday’s jump,
looking for retest of 2021 high at 114.69,
posted on Oct 20.

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Boosted by Fed Tapering Rate Hike Expectations

The Dollar/Yen rallied on Friday, helped by firm U.S. Treasury yields
and a stronger U.S. Dollar. The Forex pair was also boosted by
increased demand for higher risk assets as U.S. stocks

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Finds resistance in previous high

The USD/JPY currency exchange rate continued to surge throughout
Friday. The surge extended into Monday. However,
during the early hours of the day's trading

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