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4 Mar 2015
USD/JPY: Steady in Tokyo sub 120's hard terrain
FXStreet (Guatemala) - USD/JPY is currently trading at 119.61 with a high of 119.76 and a low of 119.60 in a stagnant Tokyo open.
USD/JPY remains with limited news, trading within familiar ranges but today the pair is back below the 120 handle with continued failures below key psychological levels on the psychological barrier. the focus in Asia stays with the Aussie while data there and in China dominates for the next hour, although we see Japan's Markit Services within the same time frames.
Technically there is little to tell while the pair oscillates in a wide range between the 116.00 territory as the focus for the downside while continued attempts to the upside continue to fail. Should there be a jump through the hoops, the topside has the February high at 120.48comes as first barrier ahead of the the 121.86 December high and then the 122.45 15 year downtrend.
USD/JPY remains with limited news, trading within familiar ranges but today the pair is back below the 120 handle with continued failures below key psychological levels on the psychological barrier. the focus in Asia stays with the Aussie while data there and in China dominates for the next hour, although we see Japan's Markit Services within the same time frames.
Technically there is little to tell while the pair oscillates in a wide range between the 116.00 territory as the focus for the downside while continued attempts to the upside continue to fail. Should there be a jump through the hoops, the topside has the February high at 120.48comes as first barrier ahead of the the 121.86 December high and then the 122.45 15 year downtrend.