The pair is supported as Treasury yields rise, as well as due to the uncertainty around Donald Trump’s stimulus checks, which are bombarded by his political opponents from the Democratic Party. If these two factors remain in effect, the pair will move higher.
Technical picture:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is below the overbought zone and is reversing upwards. Stoch are declining.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
If the pair holds above 106.60, it will continue to grow to 107.25.