USD/JPY: 110.00 remains key upside target - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY trades at fresh 2-week highs ahead of the US close, as Wall Street edged sharply higher, reaching fresh yearly highs.

Key Quotes:

"During the past Asian session, BOJ's Governor Kuroda, repeated once again that the Central Bank is ready to add more easing if needed and that the BOJ had not reached its policy limits."

"But it was in the American session, when stocks soared following oil and US data came in better than expected that the pair accelerated its advance."

"Currently pressuring the neckline of the triple floor set in the 107.60/80 region, the pair is poised to accelerate its advance, particularly if the price manages to extend beyond the critical psychological figure of 110.00."