# USD/JPY Forex Technical Analysis – Breakout Drives Dollar/Yen into Highest Level Since March 2020 | FXEmpire

> USD/JPY broke out above prior resistance to its highest level since March 2020, trading near 110.23. The move followed rising US Treasury yields and weak demand at a Japanese two-year bond auction.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/48354-usd-jpy-forex-technical-analysis-breakout-drives-dollar-yen-into-highest-level
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness and a stronger dollar raise the local-currency cost of imported US feed ingredients for Japanese buyers, a mechanical rather than supply-driven price effect.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/usd-jpy-forex-technical-analysis-breakout-drives-dollar-yen-into-highest-level-since-march-2020-714551

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.