USD/JPY gains 25 pips as S&P 500 futures and treasury yields rise

  • USD/JPY seems to have picked up a bid in response to the uptick in the Treasury yields. 
  • The Yen is losing ground amid gains in the S&P 500 futures.  

USD/JPY has gained 25 pips in the last couple of hours, possibly tracking the rise in the futures on the S&P 500 and the US treasury yields.

As of writing, the pair is trading at 106.19, having hit a high of 106.27 a few minutes before press time. The pair traded at 106.02 in early Asia.

Treasury yields rise

The yield on the US 10-year treasury note is currently trading at 1.537%, up 7 basis points from the record low of 1.474% hit on Thursday.

Meanwhile, the two-year yield is trading at 1.512% at press time, having hit a record low of 1.46% on Thursday.

The recovery in Treasury yields seems to have put a bid under the USD.

Meanwhile, the anti-risk Japanese Yen is on the defensive seemingly due to the 10-year Japanese government bond yield's drop to three-year lows and the 0.57% rise in the S&P 500 futures.

Looking forward, the yields may continue to rise, keeping the USD/JPY pair better bid. After all, an above-forecast US data released on Thursday assured investors that Americans are spending enough to keep the economy from falling into a recession.

Technical levels


Today last price 106.19
Today Daily Change 0.08
Today Daily Change % 0.08
Today daily open 106.11
Daily SMA20 107.2
Daily SMA50 107.73
Daily SMA100 109.17
Daily SMA200 110.12
Previous Daily High 106.78
Previous Daily Low 105.7
Previous Weekly High 107.09
Previous Weekly Low 105.26
Previous Monthly High 109.01
Previous Monthly Low 107.21
Daily Fibonacci 38.2% 106.37
Daily Fibonacci 61.8% 106.12
Daily Pivot Point S1 105.62
Daily Pivot Point S2 105.12
Daily Pivot Point S3 104.53
Daily Pivot Point R1 106.7
Daily Pivot Point R2 107.28
Daily Pivot Point R3 107.78



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Ends five-day losing streak, but bias remains bearish

EUR/USD gained 0.19% on Wednesday, snapping a five-day losing streak, however, the outlook remains bearish as the pair is trading well below the former support-turned-resistance of 1.1162 (Aug. 12 low).


GBP/USD: Teasing inverse head-and-shoulders breakout

GBP/USD is flirting with the inverse head-and-shoulders neckline resistance of 1.2165 at press time. An inverse head-and-shoulders is a bullish reversal pattern and its success rate is high when it appears after a notable sell-off.


USD/JPY: 106.50 tested amid higher S&P futures, Treasury yields

Following a temporary reversal seen on Tuesday, the USD/JPY pair resume the bullish momentum in Wednesday's Asian trading and tests the 106.50 level, tracking the gains in the US Treasury yields and S&P 500 futures. 


Gold: Bulls cheer pullback from 10-day EMA

Following its successful bounce off 10-day exponential moving average (EMA), Gold takes the bids to $1507 during the early Asian session on Wednesday. The yellow metal now heads to Friday’s high around $1528 ahead of questioning the monthly top surrounding $1535.

Gold News

FOMC Minutes July 30-31 Meeting Preview: The Fed vs the markets

The Fed policy that switched to neutral in Jan completed the circle last month with first decrease in the base rate in more than a decade from a 2.50% upper target to 2.25%. Markets expect a second cut at the September 18th FOMC.

Read more