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USD/JPY climbs back closer to 109.00 handle, 200-DMA

18 days ago   |   By FXCM

The safe-haven JPY was being weighed down by the latest US-China trade optimism.
Weaker US bond yields kept the USD bulls on the defensive and might further gains.
The safe-haven Japanese yen remained on the defensive at the start of a new trading week and lifted the USD/JPY pair back closer to the very important 200-day SMA, around the 109.00 handle.
The pair added to Friday's goodish recovery move from near two-week lows and gained some follow-through traction during the Asian session on Monday. The incoming positive trade-related headlines continued denting demand for traditional...
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