Strong US data might take USD/JPY towards 121 levels – Rabobank

FXStreet (Barcelona) - The Rabobank Team shares that stronger than expected US data could bring back the focus for the USD/JPY to its year-to-date high at 121.85.

Key Quotes

“The 120.00 level is proving a fairly strong magnet for USD/JPY ahead of the plethora of US data due later today. Stronger than expected data could bring into focus the year-to-date high at 121.85 in USD/JPY and weigh on EUR/USD with the 1.22~ crucial level to watch.”

“UK data will be a source of inspiration for GBP/USD anchored to the 1.56~ level.”