Firm u.s: Dollar Yen and Treasury Yields

firm u.s: Demand for risky assets should also be stronger, according to Xinhua China. More The Dollar/Yen closed higher last week as oversold technical conditions, combined with a shift in investor sentiment led to aggressive short-covering. I'm expecting firm U.S. Treasury yields which should drive up demand for the U.S. Dollar. The counter-trend buying was strong enough to produce a potentially bullish technical closing price reversal top. Last week, the USD/JPY settled at 107.929, up 0.619 or 0.58%. The shift in sentiment was fueled by an easing of tensions in the Middle East, dovish comments from Federal Reserve officials, and mixed feeling about the outcome of the meeting between President Trump and Chinese President Xi Jinping at the G-20 meeting. The chart pattern does not mean the trend is changing to up, but it could lead to a 2 to 3 week counter-trend rally. (news.financializer.com). As reported in the news.