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17 Apr 2015
USD/JPY sidelined around 119
FXStreet (Mumbai) - The US dollar trades around a flat line versus the yen in Asia, with USD/JPY steady around 119 handle, as markets treads waters ahead of the crucial US macro data – CPI and consumer sentiment numbers.
USD/JPY stuck at 119
Currently, the USD/JPY pair trades dead flat at 119.04 levels, having posted day’s lows at 118.89 and day’s high at 119.14 so far. The USD/JPY pair continues to trade in a slim range and has formed a doji candle on the daily charts indicating lack of clear direction for the major. The pair may take fresh cues from the upcoming critical US economic releases later in the day.
USD/JPY bounced-off 119.50 levels and dropped below 119 handle following a tepid batch of US figures including US housing starts, building permits and unemployment claims data , undermined the dollar's performance on Wednesday.
USD/JPY Technical Levels
To the upside, the next resistance is located at 119.49 (April 16 High) levels and above which it could extend gains 119.76 (April 15 High) levels. To the downside immediate support might be located at 118.77 (April 16 Low) below that at 118.50 levels.
USD/JPY stuck at 119
Currently, the USD/JPY pair trades dead flat at 119.04 levels, having posted day’s lows at 118.89 and day’s high at 119.14 so far. The USD/JPY pair continues to trade in a slim range and has formed a doji candle on the daily charts indicating lack of clear direction for the major. The pair may take fresh cues from the upcoming critical US economic releases later in the day.
USD/JPY bounced-off 119.50 levels and dropped below 119 handle following a tepid batch of US figures including US housing starts, building permits and unemployment claims data , undermined the dollar's performance on Wednesday.
USD/JPY Technical Levels
To the upside, the next resistance is located at 119.49 (April 16 High) levels and above which it could extend gains 119.76 (April 15 High) levels. To the downside immediate support might be located at 118.77 (April 16 Low) below that at 118.50 levels.