Back
21 Apr 2015
USD/JPY returns to 119.40
FXStreet (Edinburgh) - The after hitting session peaks in the 119.80 area, USD/JPY is now easing to the 119.45/40 band.
USD/JPY found support around 118.50
The pair managed to gather traction after dipping to the mid-118.00s, clinching the 119.80 region in early trade, or multi-day tops. Spot keeps recovering part of last week’s strong losses vs. the yen, backed by a renewed buying interest around the greenback in spite of the current softer tone in US Treasuries.
In the data space, Japanese trade balance figures are due tomorrow followed by US Existing Home Sales.
USD/JPY levels to consider
As of writing the pair is advancing 0.22% at 119.45 with the initial hurdle at 119.80 (high Apr.21) ahead of 120.17 (high Apr.14) and finally 120.45 (cloud top). On the downside, a break below 119.18 (low Apr.21) would target 118.53 (low Apr.20) en route 118.33 (low Mar.26).
USD/JPY found support around 118.50
The pair managed to gather traction after dipping to the mid-118.00s, clinching the 119.80 region in early trade, or multi-day tops. Spot keeps recovering part of last week’s strong losses vs. the yen, backed by a renewed buying interest around the greenback in spite of the current softer tone in US Treasuries.
In the data space, Japanese trade balance figures are due tomorrow followed by US Existing Home Sales.
USD/JPY levels to consider
As of writing the pair is advancing 0.22% at 119.45 with the initial hurdle at 119.80 (high Apr.21) ahead of 120.17 (high Apr.14) and finally 120.45 (cloud top). On the downside, a break below 119.18 (low Apr.21) would target 118.53 (low Apr.20) en route 118.33 (low Mar.26).