{"id":8795,"date":"2021-11-24T07:09:17","date_gmt":"2021-11-24T07:09:17","guid":{"rendered":"https:\/\/www.xtreamforex.com\/?p=8795"},"modified":"2021-11-24T07:09:17","modified_gmt":"2021-11-24T07:09:17","slug":"usd-jpy-rise-above-115-00-when-bullish-track-hits-44-month-high","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/usd-jpy-rise-above-115-00-when-bullish-track-hits-44-month-high\/","title":{"rendered":"USD\/JPY rise above 115.00 when bullish track hits 44-month high"},"content":{"rendered":"<h1><strong>USD\/JPY rise above 115.00 when bullish track hits 44-month high<\/strong><\/h1>\n<p>The <a href=\"https:\/\/www.xtrememarkets.com\/mu\/forex\/\">USD\/JPY<\/a> bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday. At the same time, the yen is struggling to extend its two-day rally amid falling US Treasury yields. The 10-year U.S. Treasury yield fell 0.8 basis points (bps) from its highest level since October 22, or about 1.65% at the latest, amid a lack of significant data\/events. Yields jumped to a one-month high before mixed US data stopped bonds rising. Geopolitical concerns and recent COVID-19 concerns appear to be playing a challenging role for USD\/JPY buyers in recent times.<\/p>\n<p>Japan&#8217;s geopolitical tensions with China are escalating over issues related to Vietnam. The defense ministers of Japan and Vietnam reached an agreement on the 10th that &#8220;they are opposed to secretly mentioning the sea in response to a unilateral attempt to change the status quo in the region said Kyodo News.\u201d The Netherlands is experiencing a COVID-19 crisis and has recently announced regional closures, but the situation has not improved, driving demand for the Japanese yen, especially amid falling yields.<\/p>\n<p>\u201cThe Netherlands started transporting COVID-19 patients across the border to Germany on Tuesday to ease pressure on Dutch hospitals, which are scaling back regular care to deal with a surge in COVID-19 cases,\u201d said Reuters. Also positive for the JPY could be the improvement in COVID-19 conditions at home and the government&#8217;s readiness to help the nation overcome the pandemic led economic hardships. Recently, Nikkei reported that Japan will allocate about 600 billion yen ($5.2 billion) from its fiscal 2021 supplementary budget to support advanced semiconductor manufacturers including the world&#8217;s No. 1 contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC), per Reuters. Against this backdrop, US equity futures are struggling to maintain their rebound from their two-week lows, while Asia Pacific stocks are trading alongside the Japanese Nikkei 225, down 0.80% at press time. USD\/JPY could see further declines when considering the consolidation of returns along with a cautious outlook ahead of major US data\/events.<\/p>\n<p>Recent FOMC minutes and October PCE core inflation are among the catalysts for the US as expectations for a Fed rate hike rise. Against this backdrop, US equity futures are struggling to maintain their rebound from their two-week lows, while Asia Pacific stocks are trading alongside the Japanese Nikkei 225, down 0.80% at press time. USD\/JPY could see further declines when considering the consolidation of returns along with a cautious outlook ahead of major US data\/events.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY rise above 115.00 when bullish track hits 44-month high The USD\/JPY bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday. At the same time, the yen is struggling to extend its two-day rally amid falling US Treasury yields. The 10-year U.S. Treasury yield fell 0.8 basis points<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/MU\/usd-jpy-rise-above-115-00-when-bullish-track-hits-44-month-high\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[172,158,21,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>USD\/JPY rise above 115.00 when bullish track hits 44-month high<\/title>\r\n<meta name=\"description\" content=\"The USD\/JPY bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/usd-jpy-rise-above-115-00-when-bullish-track-hits-44-month-high\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta 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