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USD/JPY rises to fresh one-month high as sentiment improves


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USD/JPY up 27 pips to 113.46

US equities are at the highs of the day and that’s helped to lift USD/JPY to the best levels of the day, edging above the Asian high of 113.45.

USD/JPY has made some good progress on recouping the October decline. It’s at a key level now with the 61.8% retracement of the drop to Oct 15 at 113.43. A close above that would be positive but you’d still like to see it hold beyond the results of the US elections.

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