The USDJPY pair climbed to 6-week highs on Thursday, although rapidly pulled back few pips from that point and was most recently seen trading around the 108.00 handle.

The pair retained the positive stance for the fourth successive session on Thursday amid of renewed optimism over the resumption of the US-China trade talks, which tend to undermine demand for the JPY.

The US President Trump said that he will delay tariffs against China for about two weeks.

The US Dollar remained additional supported by surging US bond yields and further contributes to the pair’s ongoing rally to an intraday high level of 108.17.

Also, the ECB is expected to deliver a significant stimulus package, which may impact the US Dollar price dynamics and provide some impetus ahead of the release of US CPI figures later.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.