12 May 2015
USD/JPY oscillating sub 120 handle
FXStreet (Guatemala) - USD/JPY is currently trading at 119.84 with a high of 120.28 and a low of 119.78.
USD/JPY lost its footing on the 120 handle after a bout of demand at 119.80 up to 120.14 and then oscillating below the handle. The greenback has been trading poorly and better offered with Fed Williams indicating that rates will not be rising soon while most of the attention was else where in Europe. There was a better bid Sterling attracting flows out of the greenback on robust UK data and positive events within Greece and them meeting their payment on time today and in full, ahead of further settlements next month.
Meanwhile, USD/JPY has been consolidating some downside from the 120 handle in the US. Although there is a lack of evident drivers in the Asian shift today, other than RBNZ Financial Stability Report, a break here could open the door for the familiar 119.45/60 levels again. Through there we are on to 119.25 ahead of 118.60 territory which may attract demand again. On the upside, we are looking towards 120.20/55 ahead of 120.80/05 and 121.20.
USD/JPY lost its footing on the 120 handle after a bout of demand at 119.80 up to 120.14 and then oscillating below the handle. The greenback has been trading poorly and better offered with Fed Williams indicating that rates will not be rising soon while most of the attention was else where in Europe. There was a better bid Sterling attracting flows out of the greenback on robust UK data and positive events within Greece and them meeting their payment on time today and in full, ahead of further settlements next month.
Meanwhile, USD/JPY has been consolidating some downside from the 120 handle in the US. Although there is a lack of evident drivers in the Asian shift today, other than RBNZ Financial Stability Report, a break here could open the door for the familiar 119.45/60 levels again. Through there we are on to 119.25 ahead of 118.60 territory which may attract demand again. On the upside, we are looking towards 120.20/55 ahead of 120.80/05 and 121.20.