108.00 has been the pivot area for USD/JPY the past three days during the Asian timezone, and here we are again.
TD say the USD is too high against the yen, citing US 10-year TIPS yields
- says the Federal Reserve has a high bar to raise rates
- TD is watching technicals on the pair
- says a break of the support zone opens a move to a range between 200-day MA and 106.80 retracement level