5 Mar 2015
USD/JPY trough 120.00
FXStreet (Edinburgh) - The greenback continues to push higher vs. its Japanese counterpart on Thursday, lifting USD/JPY beyond the 120.00 handle.
USD/JPY on its way to weekly peaks
The pair is on its way to challenge Monday’s tops around 120.30 backed by the solid momentum in the US dollar, amidst increasing expectations around tomorrow’s Non-farm Payrolls in the US (240K exp.).
The pair’s upside remains unabated towards the end of the week, advancing since Tuesday and extending the broader ascent from ytd lows in the vicinity of 116.00 the figure posted in mid-January.
USD/JPY key levels
At the moment the pair is advancing 0.34% at 120.12 with the next hurdle at 120.27 (high Mar.3) ahead of 120.48 (high Feb.11) and finally 120.68 (high Jan.5). On the downside, a break below 119.47 (low Mar.4) would aim for 119.38 (low Mar.3) and then 119.17 (21-d MA).
USD/JPY on its way to weekly peaks
The pair is on its way to challenge Monday’s tops around 120.30 backed by the solid momentum in the US dollar, amidst increasing expectations around tomorrow’s Non-farm Payrolls in the US (240K exp.).
The pair’s upside remains unabated towards the end of the week, advancing since Tuesday and extending the broader ascent from ytd lows in the vicinity of 116.00 the figure posted in mid-January.
USD/JPY key levels
At the moment the pair is advancing 0.34% at 120.12 with the next hurdle at 120.27 (high Mar.3) ahead of 120.48 (high Feb.11) and finally 120.68 (high Jan.5). On the downside, a break below 119.47 (low Mar.4) would aim for 119.38 (low Mar.3) and then 119.17 (21-d MA).