USDJPY extends to a new session high. Breaks above swing area high at 145.90

<p>The USDJPY is trading to a new session high and in the process is breaking above the 146.000 level for the first time since November 10. The high price is also extending above a swing area between 144.98 and 145.90. Yesterday, the low price came within 11 pips of the low of that swing area, and the high was within 4 pips of the high of the swing area. </p><p>Staying above 145.90 keeps the buyers firmly in control.</p><p>Yields are now higher across the board:</p><ul><li>2 year yield 4.965%, +1.1 basis points</li><li>5 year yield 4.399%, +2.1 basis points</li><li>10 year yield 4.250% +2.9 basis points</li><li>30 year yield 4.350% +3.0 basis points</li></ul><p>US stocks remain depressed:</p><ul><li>Dow Jones -92 points or -0.26%</li><li>S&amp;P -16.2 points or -0.36%</li><li>NASDAQ index -93 points or -0.69%</li><li>Russell 2000 is down -13.56 or -0.72%</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.