USDJPYThe Amazon/TikTok news is giving the US stocks a bit of a boost. The S&P is up 24.74 points or 0.44%. The NASDAQ index is up 130 points or 0.74%. Meanwhile, yields have reversed from being down about 4– 6 basis points to now up about 4– 5 basis points.
A snapshot of the US yield curve currently shows.
- 2-year yield 3.909%, +4.7 basis points
- 5-year yield 3.958%, +5.0 basis points
- 10-year yield 4.203%, +4.7 basis points
- 30-year yield 4.559%, +4.5 basis points
Looking at some of the major currency pairs:
EURUSD briefly extended above a key ceiling area between 1.0848 and 1.0859, reaching a high of 1.0872. However, the pair has since pulled back and is currently trading near 1.0853, placing it back within that prior resistance zone.
This area now becomes a key short-term decision point. A move back below 1.0848 would likely dent buyer confidence and suggest a failed breakout, giving sellers a bit more control. On the other hand, if buyers can hold above this zone, it keeps the upside momentum alive.
This is a pivotal test and a risk-defining level in the near term for both sides of the market.
EURUSD technicals
USDJPY is extending its gains above key moving average targets, breaking above the 100-hour moving average at 149.915 and the 200-hour moving average at 150.012.
The day began with a test of the swing area between 149.11 and 149.20, where buyers stepped in to defend support and initiated a move higher. As yields and equities pushed upward, the pair gained bullish momentum, triggering a shift in sentiment and pushing the price through both hourly moving averages.
Earlier in the session, these moving averages acted as resistance—stalling gains during the Asian and early European hours. With price now trading above them, they flip to support, potentially paving the way for further upside, provided they hold.
It’s also notable that these moving averages straddle the psychological 150.00 level, reinforcing its importance as a pivotal zone for near-term direction.
USDJPY technicals
GBPUSD: The GBPUSD moved up to test a swing area between 1.29706 to 1.2988. That area has been a lower ceiling ahead of the 2025 high at 1.30139 (and below the natural target at 1.3000.
Earlier in the US session, the low based at the 100/200 hour MA at 1.29277 and 1.2933. Holding those levels was a good hold and the rotation higher began.
Now after stretching to resistance, the buyers and sellers are battling once again. Move above 1.2988 will have traders thinking of the stretch to the 2025 highs. Stay below and the 100/200 hour MAs are targeted.
GBPUSD technicals
