USD/JPY Seems to Have Enough Upside Momentum to Challenge 111.715 Main Top

The Dollar/Yen is trading higher late Wednesday after hitting a one-year high earlier in the session as investors bet that fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery. At 20:45 GMT, the USD/JPY is trading 110.745, up 0.398 or +0.36%. The Dollar/Yen held on to most of its gains following data showing the U.S. economy added more than 500,000 private sector jobs in February. U.S. private payrolls increased by 517,000 jobs last month, the ADP National Employment Report showed on Wednesday, slightly lower than market forecasts. Data for February was revised up to … (full story)

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