15 Apr 2015
USD/JPY supported at 119.30
FXStreet (Edinburgh) - The greenback is now recovering the ground lost in early trade vs. the Japanese yen, now pushing USD/JPY back to the 119.55/60 band.
USD/JPY focus on US data
The US docket remains the exclusive driver behind the pair’s price action this week, although recent comments by K.Hamada did give some unexpected support to the yen, dragging spot lower from levels above the 120.00 handle.
After the poor results from the US retail sales on Tuesday, the Empire State manufacturing index is due next, followed by a speech by Fed’s Bullard, Industrial Production, Capacity Utilization, the NAHB index and the Fed’s Beige Book.
USD/JPY levels to watch
At the moment the pair is gaining 0.11% at 119.52 with the next hurdle at 120.00 (Kijun Sen) ahead of 120.17 (high Apr.4) and then 120.84 (high Apr.13). On the flip side, a breakdown of 119.07 (low Apr.14) would aim for 118.71 (low Apr.3) and finally 118.33 (low Mar.26).
USD/JPY focus on US data
The US docket remains the exclusive driver behind the pair’s price action this week, although recent comments by K.Hamada did give some unexpected support to the yen, dragging spot lower from levels above the 120.00 handle.
After the poor results from the US retail sales on Tuesday, the Empire State manufacturing index is due next, followed by a speech by Fed’s Bullard, Industrial Production, Capacity Utilization, the NAHB index and the Fed’s Beige Book.
USD/JPY levels to watch
At the moment the pair is gaining 0.11% at 119.52 with the next hurdle at 120.00 (Kijun Sen) ahead of 120.17 (high Apr.4) and then 120.84 (high Apr.13). On the flip side, a breakdown of 119.07 (low Apr.14) would aim for 118.71 (low Apr.3) and finally 118.33 (low Mar.26).