USD/JPY Jumps To Over 106

USD/JPY rallied to values over 106 as more stable yuan resulted in turnaround in risk appetite.

Yesterday, the USD slipped versus the JPY, as the market further witness a large degree of issues with geopolitical concerns, negatively affecting the market.

Now, the pair trades at  106.50 JPY, which is an incline of 0.571 or 0.54% from the previous close of 105.951. The trading volume is 219.149K, while the daily range is from 105.52 to 107.09.

In reality, there is a large turnaround in markets during the Asian trading hours and there is some cautious across traders and investors in regards to the pair.

Moreover, the USD is still into a steady pattern with EUR/USD dropping back under the level of 1.1200.