19 Dec 2014
USD/JPY lines up ahead risk events for remaining 2014
FXStreet (Guatemala) - USD/JPY is trading at 119.00, up 0.17% on the day, having posted a daily high at 119.11 and low at 118.75.
USD/JPY is idle and awaits the further impetus to move one way or the other having found an equilibrium between these familiar ranges. However we have a number of risk events ahead yet starting with the statement post BoJ and then the following press conference by Governor Kuroda while we will be listening out for any mention of the value of the Yen and oil prices.
Then, next week we have a number of US data releases, albeit over very thin volumes of business as we get set to the holidays. Technically, these intraday rallies that have gone on are proving to remain capped by resistance at 119.20 in the main as Karen Jones, chief analyst at Commerzbank. “Please note our preferred scenario is for a slide back to 113.85/84 but we look for stabilisation ahead of 111.25”.
USD/JPY is idle and awaits the further impetus to move one way or the other having found an equilibrium between these familiar ranges. However we have a number of risk events ahead yet starting with the statement post BoJ and then the following press conference by Governor Kuroda while we will be listening out for any mention of the value of the Yen and oil prices.
Then, next week we have a number of US data releases, albeit over very thin volumes of business as we get set to the holidays. Technically, these intraday rallies that have gone on are proving to remain capped by resistance at 119.20 in the main as Karen Jones, chief analyst at Commerzbank. “Please note our preferred scenario is for a slide back to 113.85/84 but we look for stabilisation ahead of 111.25”.