3 Feb 2015
USD/JPY capped by 10-DMA
FXStreet (Mumbai) - The US dollar remains weak versus the Japanese yen in see-saw Asian trading amid falling equities and Greek debt-deal concerns sparking risk-off sentiments.
Stuck at 117.30 levels
Currently, the USD/JPY traded at 117.30 levels, down 0.21% on the day, retreating from daily highs previously posted at 117.63 levels. The yen regained strength versus the greenback after a weak US manufacturing and consumer confidence data released in the last US session. Moreover, reducing risk appetite as markets remain jittery over Greece developments also boosted the safe haven appeal in yen.
USD/JPY Technical Levels
To the upside, the next resistance is located at 118 levels and above which it could extend gains 118.47 levels. To the downside immediate support might be located at 117 levels, below that at 116.50 levels.
Stuck at 117.30 levels
Currently, the USD/JPY traded at 117.30 levels, down 0.21% on the day, retreating from daily highs previously posted at 117.63 levels. The yen regained strength versus the greenback after a weak US manufacturing and consumer confidence data released in the last US session. Moreover, reducing risk appetite as markets remain jittery over Greece developments also boosted the safe haven appeal in yen.
USD/JPY Technical Levels
To the upside, the next resistance is located at 118 levels and above which it could extend gains 118.47 levels. To the downside immediate support might be located at 117 levels, below that at 116.50 levels.