USD/JPY up 67 pips to 110.38
It’s a great start to the week for the US dollar as gains accelerate across the board.
USD/JPY hit some small stops as it broke above 110.16 and continued to 110.39. USD/JPY had struggled at those levels all last week but there is fresh optimism about a US-China trade deal this week.
It might continue to be a grind but there isn’t much standing in the way of USD/JPY. One warning though, today was a holiday in Japan so some of this could unwind in the day ahead.