USD/JPY: headed towards the 115 handle and highest levels since March

Currently, USD/JPY is trading at 114.59, up 0.90% on the day, having posted a daily high at 114.79 and low at 112.88.

ISM Non-Manufacturing improves in November

USD/JPY has been buoyed on the back of the ISM non-manufacturing beating expectations and higher than previous, offering further evidence that the US economy is robust after the Trump victory while markets look ahead towards the FOMC next week and fully expecting a Fed hike. The move in the greenback has taken the Yen from 112.82 highs post Italian no vote win and down for a look in at the 115 handle and highest levels since March earlier in the year.

USD/JPY levels

Current price is 114.59, with resistance ahead at 114.61 (Daily Classic R2), 114.79 (Daily High), 114.99 (Daily Classic R3), 115.16 (Weekly Classic R1) and 116.75 (Weekly Classic R2). Next support to the downside can be found at 114.42 (Monthly High), 114.42 (Weekly High), 114.23 (Yesterday's High), 114.09 (Daily Classic R1) and 114.00 (Hourly 20 EMA).