USD/JPY looking at points of break in the 109.80/05

Currently, the pair USD/JPY is trading at 110.65, a 0.43% higher on the day, having posted a daily maximum of 110.70 and a minimum of 109.90.

The pair USD/JPY has gained on the session, but as analysts at Scotiabank explained, «we need to progress more obvious, beyond words, in economic and fiscal reforms of the united States to raise yields and increase even more the USD».

In data today, the Producer Price Index, seasonally adjusted for final demand rose 0.2% month on month in August, after registering a contraction of 0.1% in July, without expectations of a 0.3%.

In other places, the eyes are on the Dow Jones today that it has reached the resistance yesterday, and the breaking point may 22177.90.

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