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Forex Flash: USD/JPY still looks quite bullish – TD Securities

By FXstreet.com,  January 04, 2013, 03:30:00 PM EDT

FXstreet.com (Córdoba) - The recent move in US treasuries and in turn US-Japan yield spreads has been supportive of the rise in USD/JPY, although current 2-year spreads are still within the range of the past 6 months, when USD/JPY was below 80, according to the TD Securities team.

"We would need to see a decent extension of this move in the rates market in order for it to corroborate the move in spot FX", they comment. "From a technical perspective though, USD/JPY still looks quite bullish on short and long term charts including strong trend momentum and little in the way of resistance points nearby".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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