The US dollar gained against the yen from today's opening price by 0.5%, as the yen had lost 0.6% on Friday against the US dollar, moving away from the highest level in four months, with the continuation of correction processes and profit-taking.

The yield on ten-year US Treasury bonds rose on Monday by 0.5%, continuing its gains for the third session in a row, which enhances investment opportunities in the US dollar. This development in the US bond market comes after the release of strong data on the US labor market. On Friday, the addition of new non-farm jobs showed better than market expectations during November, as those data reduced the possibility of the Federal Reserve cutting interest rates early next year.

As for the yen, the Governor of the Bank of Japan said last week that the central bank has several options for targeting interest rates once it withdraws short-term borrowing costs from the negative zone.

Regarding the technical indicators, they indicate the possibility of prices rising with an upward trend in the Relative Strength Index towards the 50 level, in addition to preliminary signals from the MACD towards a continuation of the gradual rise.

*All data provided is intended for educational or informational purposes only and should not be considered investment advice.