JPY News 

USD/JPY nears test of 110 handle despite optimistic risk sentiment

“Even so, the peculiar thing is that the yen remains well bid despite the improved risk sentiment today” reports The 110.00 handle is a key psychological and support barrier for USD/JPY so expect plenty of focus to center around that level in the trading sessions ahead.Right now, sellers are still maintaining the bearish bias/momentum as price continues to trade under both the key daily moving averages. Looking at other factors that could influence price action, there aren’t any significant expiries rolling off over the next two days so expect plenty of trading sentiment in USD/JPY to be affected by how equities perform instead; particularly US equities.

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