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USD/JPY recovered from 4-day lows & developed slight intraday gains

01/09/20211 min. read

The latest reports by economic analysts indicate that USD/JPY trades with slight gains. In particular, we are reading that: 

 

 

USD/JPY recovered from 4-day lows & developed slight intraday gains. Technical analysts suggest: 

 

  • USD/JPY increased to 110.25, up 0.21% intraday on Tuesday, with a 3-day uptrend, restoring the week’s top before Wednesday’s European session.

 

  • The USD was supported by a strong rebound in the US bond yields and contributed to a rise to the major.

 

  • Investors focus on the US ADP report & ISM PMI for some encouragement before the NFP report on Friday.

 

 

(Source: fxstreet.com)

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