USD/JPY struggles to gain after hitting 158.51, with the 200-day moving average weighing｜FX & Forex News

The story

USD/JPY remained firm after the Tokyo fixing and rose to ¥158.51, its intraday high. Selling then prevailed, and it is currently trading around ¥158.35.

Market participants said that the 200-day moving average, at around ¥158.52 today, is acting as a resistance factor.

The US 10-year Treasury yield also remains elevated in the 5.30% range and is believed to be affecting USD/JPY movements.

At a glance

Currency pairUSD/JPY trading

HighReached an intraday high of ¥158.51

TrendCurrently trading around ¥158.35

ResistanceThe 200-day moving average at ¥158.52 is acting as resistance

FactorsThe US 10-year Treasury yield remains elevated in the 5.30% range

Reference information. Every claim resolves to something the story actually named.

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