USDJPY jumps above its 100 day MA and makes a break for it.
The USDJPY has extended higher, breaking above its 100-day moving average at 159.994 and the natural resistance at 160.00. The high price has reached 160.15 as buyers maintain firm control.The move has been supported by hawkish comments from Fed Chair Powell and a sharp rise in U.S. The two-year yield is up nearly 11 basis points at 4.34%, while the 10-year yield is higher by 5.2 basis points at 4.724%.
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