25 Mar 2015
USD/JPY trims losses
FXStreet (Córdoba) - USD/JPY recovered ground during the American session and trimmed losses despite risk aversion. Stock indexes in Wall Street are falling sharply: the Dow Jones is down 1.08%, the Nasdaq drops 1.68% and the S&P 500 losses 0.85%.
Earlier the pair bottomed at 119.02, reaching the lowest level since February 26 and then bounced to the upside. The recovery from the lows found resistance around the 119.60 zone. Currently trades at 119.50, down 0.21% for the day.
USD/JPY with support above 119.00
From the level it had a week ago, USD/JPY has fallen almost 200 pips and continues to move with a downside bias, reaching lower lows since Friday. The key support area around 119.10 - 119.30 so far capped the decline.
Earlier the pair bottomed at 119.02, reaching the lowest level since February 26 and then bounced to the upside. The recovery from the lows found resistance around the 119.60 zone. Currently trades at 119.50, down 0.21% for the day.
USD/JPY with support above 119.00
From the level it had a week ago, USD/JPY has fallen almost 200 pips and continues to move with a downside bias, reaching lower lows since Friday. The key support area around 119.10 - 119.30 so far capped the decline.