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USD/JPY: bulls seeking a break through the psychological 110 level

1 month ago   |   By FXCM

USD/JPY is sitting pretty in the high 109.70s as risk sentiment improves.
US yields, commodities and the dollar are all firmer.
FOMC believes that the current stance of monetary policy will support continued economic growth,
Coronavirus new cases are slowing down, according to China's National Health Commission.
USD/JPY is currently trading at 109.77 between a range of 109.74 and 109.96 with bulls seeking a break the 110 handle on improved risk sentiment and a strong US dollar.
We have seen rising hopes that the spread of the novel coronavirus may be slowing in China which has supported US...
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