USD/JPY Supported by Fading Concerns Over Global Economic Slowdown

//USD/JPY Supported by Fading Concerns Over Global Economic Slowdown

The Dollar/Yen is surging early Wednesday on the back of rising U.S. Treasury yields and increased demand for risky assets. The Forex pair has also crossed to the strong side of a key technical area that is helping to generate upside momentum by triggering buy stops and attracting aggressive buyers. At 04:12 GMT, the USD/JPY is trading 107.743, up 0.212 or +0.20%. Global bond yields are rising as well as demand for global equities thanks to the recent announcement of the resumption of trade talks between the United States and China. Fading concerns over a global economic slowdown have encouraged investors to sell … (full story)

2019-09-11T11:22:42+00:00