30 Mar 2015
USD/JPY trades at 100-DMA
FXStreet (Mumbai) - The USD/JPY pair recovered minor losses to trade at its 100-DMA located at 119.22 ahead of the European session.
USD supported by Treasury yields
The US dollar caught a fresh bid wave once again as the pair neared 119.10-119.00 levels. Moreover, the 10-year yield in the US ticked almost one basis points higher to 1.956%, while the 2-year yield rose to 0.587%. The minor recovery in the yields, helped the USD/JPY pair recover from the low of 119.10 to a session high of 119.33. However, the Greece issue could have capped losses in the safe haven Yen.
USD/JPY Technical Levels
The immediate support is seen at 119.10, under which losses could be capped at 118.80 levels. On the flip side, a break above 119.52 (50-DMA), could push the pair higher to 119.72 levels.
USD supported by Treasury yields
The US dollar caught a fresh bid wave once again as the pair neared 119.10-119.00 levels. Moreover, the 10-year yield in the US ticked almost one basis points higher to 1.956%, while the 2-year yield rose to 0.587%. The minor recovery in the yields, helped the USD/JPY pair recover from the low of 119.10 to a session high of 119.33. However, the Greece issue could have capped losses in the safe haven Yen.
USD/JPY Technical Levels
The immediate support is seen at 119.10, under which losses could be capped at 118.80 levels. On the flip side, a break above 119.52 (50-DMA), could push the pair higher to 119.72 levels.