20 Mar 2015
USD/JPY surpasses 121.00
FXStreet (Edinburgh) - The Japanese yen extends its depreciation vs. its American counterpart on Friday, now lifting USD/JPY back above the 121.00 handle.
USD/JPY bounces off 119.30
Spot continues to put further distance from the FOMC-induced lows around 119.30, backed by the solid performance of the greenback. Today’s BoJ minutes were innocuous regarding market impact, with scepticism around the central bank achieving its 2% inflation target building up amongst investors.
In his speech today, Governor Kuroda remained faithful that tight labour market conditions in Japan could push higher inflation expectations.
USD/JPY levels to consider
At the moment the pair is advancing 0.29% at 121.19 with the next hurdle at 121.41 (high Mar.17) followed by 121.57 (high Mar.13) and then 121.67 (high Mar.12). On the other hand, a breakdown of 120.61 (low Mar.20) would aim for 119.68 (low Mar.19) and finally 119.29 (low Mar.18).
USD/JPY bounces off 119.30
Spot continues to put further distance from the FOMC-induced lows around 119.30, backed by the solid performance of the greenback. Today’s BoJ minutes were innocuous regarding market impact, with scepticism around the central bank achieving its 2% inflation target building up amongst investors.
In his speech today, Governor Kuroda remained faithful that tight labour market conditions in Japan could push higher inflation expectations.
USD/JPY levels to consider
At the moment the pair is advancing 0.29% at 121.19 with the next hurdle at 121.41 (high Mar.17) followed by 121.57 (high Mar.13) and then 121.67 (high Mar.12). On the other hand, a breakdown of 120.61 (low Mar.20) would aim for 119.68 (low Mar.19) and finally 119.29 (low Mar.18).