25 Mar 2015
USD/JPY flat-lining near 119.60
FXStreet (Edinburgh) - The greenback is slightly lower vs. its Japanese counterpart on Wednesday, with USD/JPY now consolidating around 119.60.
USD/JPY focus on US docket
The pair remains on the downside following multi-year peaks above the 122.00 handle posted in early March. A softer tone from the greenback and a renewed trend lower in US Treasuries remain the exclusive catalysts for the current softness around spot.
Ahead in the day, February US Durable Goods Orders (headline at 0.4% MoM exp.) are due ahead of critical inflation figures in Japan due on Thursday.
USD/JPY levels to consider
The pair is now losing 0.09% at 119.63 with the immediate support at 119.56 (low Mar.25) ahead of 119.22 (low Mar.24) and then 119.11 (low Feb.27). On the upside, a break above 120.17 (high Mar.23) would target 120.40 (Tenkan Sen) en route to 121.20 (high Mar.20).
USD/JPY focus on US docket
The pair remains on the downside following multi-year peaks above the 122.00 handle posted in early March. A softer tone from the greenback and a renewed trend lower in US Treasuries remain the exclusive catalysts for the current softness around spot.
Ahead in the day, February US Durable Goods Orders (headline at 0.4% MoM exp.) are due ahead of critical inflation figures in Japan due on Thursday.
USD/JPY levels to consider
The pair is now losing 0.09% at 119.63 with the immediate support at 119.56 (low Mar.25) ahead of 119.22 (low Mar.24) and then 119.11 (low Feb.27). On the upside, a break above 120.17 (high Mar.23) would target 120.40 (Tenkan Sen) en route to 121.20 (high Mar.20).