13 Feb 2015
USD/JPY clings to 119.00 on US data
FXStreet (Edinburgh) - USD/JPY keeps hovering over the key handle at 119.00 on Friday following the releases in the US economy.
USD/JPY almost unchanged
The pair remained indifferent after Export Prices contracted 2.0% MoM during January and 5.4% over the last twelve months; Imports Prices followed suit, down 2.8% on a monthly basis and 8.0% YoY. Next on tap will be February’s Consumer Sentiment gauged by the Reuters/Michigan index, expected to stay put at 98.1 for the present month.
USD/JPY important levels
At the moment the pair is gaining 0.02% at 118.92 with the immediate resistance at 120.48 (high Feb.11) ahead of 120.68 (high Jan.5) and finally 120.74 (2015 high Jan.2). On the flip side, a breakdown of 118.40 (low Feb.10) would target 118.33 (low Feb.9) en route to 118.17 (Kijun Sen).
USD/JPY almost unchanged
The pair remained indifferent after Export Prices contracted 2.0% MoM during January and 5.4% over the last twelve months; Imports Prices followed suit, down 2.8% on a monthly basis and 8.0% YoY. Next on tap will be February’s Consumer Sentiment gauged by the Reuters/Michigan index, expected to stay put at 98.1 for the present month.
USD/JPY important levels
At the moment the pair is gaining 0.02% at 118.92 with the immediate resistance at 120.48 (high Feb.11) ahead of 120.68 (high Jan.5) and finally 120.74 (2015 high Jan.2). On the flip side, a breakdown of 118.40 (low Feb.10) would target 118.33 (low Feb.9) en route to 118.17 (Kijun Sen).