25 Jun 2015
USD/JPY sidelined near 123.60
FXStreet (Edinburgh) - The greenback is markedly lower vs. its Japanese counterpart on Thursday, with USD/JPY now consolidating around 123.60.
USD/JPY focus on US, Japan data
The pair has broken down the key support at 124.00 and is now meandering the 123.60 area, amidst a confusing scenario in Greece in light of the Eurogroup meeting.
Next of relevance in the pair will be US Initial Claims, Markit’s Services PMI, PCE and Personal Income/Spending. On the Japanese side, critical inflation figures gauged by the CPI are due on early Friday followed by the jobless rate and Overall Household Spending.
USD/JPY levels to consider
As of writing the pair is losing 0.17% at 123.63 with the next support at 123.32 (low Jun.25) followed by 123.25 (Kijun Sen) and then 122.56 (low Jun.19). On the flip side, a breakout of 123.96 (high Jun.25) would aim for 124.18 (low Jun.23) and finally 124.46 (high Jun.18).
USD/JPY focus on US, Japan data
The pair has broken down the key support at 124.00 and is now meandering the 123.60 area, amidst a confusing scenario in Greece in light of the Eurogroup meeting.
Next of relevance in the pair will be US Initial Claims, Markit’s Services PMI, PCE and Personal Income/Spending. On the Japanese side, critical inflation figures gauged by the CPI are due on early Friday followed by the jobless rate and Overall Household Spending.
USD/JPY levels to consider
As of writing the pair is losing 0.17% at 123.63 with the next support at 123.32 (low Jun.25) followed by 123.25 (Kijun Sen) and then 122.56 (low Jun.19). On the flip side, a breakout of 123.96 (high Jun.25) would aim for 124.18 (low Jun.23) and finally 124.46 (high Jun.18).