6 Apr 2015
USD/JPY testing highs around 119.20
FXStreet (Edinburgh) - The greenback is now gathering traction vs. its Japanese counterpart, sending USD/JPY to test session tops near 119.20.
USD/JPY stronger on Treasuries
The firmer tone from the US Treasuries is giving the greenback extra fuel at the beginning of the week, and thus pushing spot not only to regain the 119.00 handle but also to advance to fresh intraday highs around 119.20.
The pair is slowly recovering part of the deep pullback following the grim Payrolls on Friday, rebounding of the area around 118.70. The next risk event for the pair will be the FOMC minutes, to be published on Wednesday.
USD/JPY levels to consider
At the moment the pair is gaining 0.22% at 119.25 facing the next up barrier at 120.19 (Kijun Sen) ahead of 120.37 (high Mar.31) and finally 121.00 (psychological level). On the flip side, a breakdown of 119.45 (low Apr.2) would open the door to 119.42 (low Apr.1) and then 119.35 (Tenkan Sen).
USD/JPY stronger on Treasuries
The firmer tone from the US Treasuries is giving the greenback extra fuel at the beginning of the week, and thus pushing spot not only to regain the 119.00 handle but also to advance to fresh intraday highs around 119.20.
The pair is slowly recovering part of the deep pullback following the grim Payrolls on Friday, rebounding of the area around 118.70. The next risk event for the pair will be the FOMC minutes, to be published on Wednesday.
USD/JPY levels to consider
At the moment the pair is gaining 0.22% at 119.25 facing the next up barrier at 120.19 (Kijun Sen) ahead of 120.37 (high Mar.31) and finally 121.00 (psychological level). On the flip side, a breakdown of 119.45 (low Apr.2) would open the door to 119.42 (low Apr.1) and then 119.35 (Tenkan Sen).