USD/JPY rises to 105.50 as markets in Japan open for Thursday’s trading. The yen pair surged to the highest since September 15 the previous day before tanking to 105.45. However, the recent risk-on mood, downbeat data from Japan seem to trigger the pair’s pullback.
Amid all catalysts, S&P 500 Futures rise 0.25% to 3,360 while the US 10-year Treasury yields also stay positive around 0.68%. Failures to cross 50-day SMA, at 105.75 now, can push USD/JPY back to 10-day SMA retest, currently around 105.25.