5 Mar 2015
USD/JPY steadies near day high
FXStreet (Barcelona) - The USD/JPY pair has steadied near the day high of 119.89 levels amid lack of fresh fundamental cues during the European session. The lackluster action in the US Treasuries is doing little to help the pair.
USD/JPY: Consolidates around 5-DMA
The pair currently trades at the 5-DMA located at 119.81 levels. The Yen came under pressure even though the Treasury yields in the US remain flat ahead of Friday’s non-farm payrolls data. The 10-year yield currently trades moderately lower at 2.11%. However, the pair could drop below the 5-DMA if the major European equity markets struggle to sustain gains.
USD/JPY Technical Levels
The immediate resistance is seen at 120.00, above which gains could be extended to 120.46 (Feb. 11 high). On the flip side, support is seen at 119.61 and 119.45 (10-DMA).
USD/JPY: Consolidates around 5-DMA
The pair currently trades at the 5-DMA located at 119.81 levels. The Yen came under pressure even though the Treasury yields in the US remain flat ahead of Friday’s non-farm payrolls data. The 10-year yield currently trades moderately lower at 2.11%. However, the pair could drop below the 5-DMA if the major European equity markets struggle to sustain gains.
USD/JPY Technical Levels
The immediate resistance is seen at 120.00, above which gains could be extended to 120.46 (Feb. 11 high). On the flip side, support is seen at 119.61 and 119.45 (10-DMA).