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Notícias de trading
24 Apr 2015
USD/JPY steadies around 119.50
FXStreet (Mumbai) - The USD/JPY pair trades steady around 119.50 levels, after having declined in the previous session on the back of a weaker-than-expected US housing and manufacturing data.
Yen supported by Greece issue, awaits US data
The Japanese Yen remains supported by the uncertainty surrounding the Grece issue. At the onset of the European morning, we have had EU’s Dombrovksis and Germany’s Schaeuble stating a low possibility of a deal being reached at the Eurogroup meeting today. Consequently, the traditional safe haves like the Japanese Yen are likely to be in demand.
Meanwhile, the investors also await the US data, which is expected to show durable goods order in March rose 0.6%, compared to the 1.4% contraction seen in March.
USD/JPY Technical Levels
The immediate support is located at 119.41, under which losses could be extended to 118.92. On the flip side, a break above 119.75 could see the pair re-test 120.08 levels.
Yen supported by Greece issue, awaits US data
The Japanese Yen remains supported by the uncertainty surrounding the Grece issue. At the onset of the European morning, we have had EU’s Dombrovksis and Germany’s Schaeuble stating a low possibility of a deal being reached at the Eurogroup meeting today. Consequently, the traditional safe haves like the Japanese Yen are likely to be in demand.
Meanwhile, the investors also await the US data, which is expected to show durable goods order in March rose 0.6%, compared to the 1.4% contraction seen in March.
USD/JPY Technical Levels
The immediate support is located at 119.41, under which losses could be extended to 118.92. On the flip side, a break above 119.75 could see the pair re-test 120.08 levels.