USD / JPY is looking for its first earnings day in six days
It is still too early to say what the latest performance rebound actually means, and the same can be said for the USD / JPY price operation now.
The pair managed to find support 50.0 in retrospect from @ 109.57 yesterday and the push towards 110.00 now offers some encouragement to buyers.
This means that they still need to become more robust, exceeding the level of the indicator, and trading back above the broken trend line support, which is now closer to 110.20, provides greater confidence to test key short-term levels closer to 110.52-76.
At the moment, the market seems comforting that the 10-year Treasury yield has risen by 5 basis points to almost 1.34%, but we will see if European traders respond later.