11 May 2015
USD/JPY wobbles near 120.00
FXStreet (Edinburgh) - The greenback keeps its buoyant tone vs. its Japanese counterpart on Monday, with USD/JPY now gyrating around 120.00 the figure.
USD/JPY boosted by Treasuries
The better tone from US treasuries is underpinning the generalized positive performance in the greenback, lifting spot just beyond the 120.00 handle and closer to last week’s tops in the mid-120.00s.
Nothing relevant from the US calendar today, with only the Labour Market Conditions Index coming in at -1.9 during April vs. -0.3 previous. Looking at Tuesday’s docket, Japan will publish the flash print of the Leading Economic Index and the Coincident Index for the month of March.
USD/JPY levels to watch
The pair is now advancing 0.22% at 120.03 with the next hurdle at 120.24 (high May 8) followed by 120.51 (high May 5) and then 120.84 (high Apr.13). On the flip side, a breakdown of 119.40 (low May 11) would expose 119.34 (daily cloud base) and finally 119.06 (low May 7).
USD/JPY boosted by Treasuries
The better tone from US treasuries is underpinning the generalized positive performance in the greenback, lifting spot just beyond the 120.00 handle and closer to last week’s tops in the mid-120.00s.
Nothing relevant from the US calendar today, with only the Labour Market Conditions Index coming in at -1.9 during April vs. -0.3 previous. Looking at Tuesday’s docket, Japan will publish the flash print of the Leading Economic Index and the Coincident Index for the month of March.
USD/JPY levels to watch
The pair is now advancing 0.22% at 120.03 with the next hurdle at 120.24 (high May 8) followed by 120.51 (high May 5) and then 120.84 (high Apr.13). On the flip side, a breakdown of 119.40 (low May 11) would expose 119.34 (daily cloud base) and finally 119.06 (low May 7).