- USD/JPY is bouncing sharply from the 2020 lows as DXY demand is relentless.
- The level to beat for bulls is the 111.00 figure.
USD/JPY daily chart
USD/JPY is rebounding sharply from the 2020 lows while breaking above the 110.00 handle and trading above the main SMAs on the daily chart. Investors are hoarding USD as the demand remains unabated.
USD/JPY four-hour chart
Additional key levels