1 Jul 2015
USD/JPY clinches highs, 123.00 closer
FXStreet (Edinburgh) - The Japanese yen is surrendering part of recent gains vs. the US dollar and is pushing USD/JPY to daily tops around 122.80 so far.
USD/JPY attention to US data
The risk-off sentiment stemming from the uncertainty surrounding Greece has lost momentum so far, sparking the ongoing rebound in spot from recent lows in the 122.00 neighbourhood.
Following recent comments by Governor H.Kuroda that achieving the inflation target could take longer than initially estimated, the yen has surrendered some gains and somehow limited the pullback to the vicinity of he 122.00 handle. Ahead in the session, the US ADP report and ISM Manufacturing will be key for the pair’s price action.
USD/JPY levels to watch
As of writing the pair is advancing 0.16% at 122.69 and a surpass of 123.07 (high Jun.29) would open the door to 123.74 (high Jun.22) and then 124.37 (high Jun.24). On the other hand, the immediate support lines up at 122.19 (low Jun.29) followed by 121.93 (low Jun.30) and finally 121.73 (low May 26).
USD/JPY attention to US data
The risk-off sentiment stemming from the uncertainty surrounding Greece has lost momentum so far, sparking the ongoing rebound in spot from recent lows in the 122.00 neighbourhood.
Following recent comments by Governor H.Kuroda that achieving the inflation target could take longer than initially estimated, the yen has surrendered some gains and somehow limited the pullback to the vicinity of he 122.00 handle. Ahead in the session, the US ADP report and ISM Manufacturing will be key for the pair’s price action.
USD/JPY levels to watch
As of writing the pair is advancing 0.16% at 122.69 and a surpass of 123.07 (high Jun.29) would open the door to 123.74 (high Jun.22) and then 124.37 (high Jun.24). On the other hand, the immediate support lines up at 122.19 (low Jun.29) followed by 121.93 (low Jun.30) and finally 121.73 (low May 26).