6 Apr 2015
USD/JPY sidelined around 119.00
FXStreet (Edinburgh) - The US dollar is posting meagre gains vs. its Japanese counterpart on Monday, driving USD/JPY to the area of 119.00 the figure.
USD/JPY focus on US data
The pair remains in consolidative mode around the 119.00 nandle at the beginning of the week, flowing the broader flat trend in the global markets and against the backdrop of thin trade and low volatility.
Following the poor results from the Non-farm Payrolls in March, market participants will keep an eye in today’s US data releases: ISM Non manufacturing and the Labor Market Conditions Index.
USD/JPY key levels
At the moment the pair is flat at 118.99 with the immediate support at 118.72 (low Apr.3) followed by 118.33 (low Mar.26) and then 117.17 (low Feb.6). On the upside, a breakout of 119.98 (high Apr.3) would open the door to 119.42 (high Apr.1) and finally 119.90 (high Mar.20).
USD/JPY focus on US data
The pair remains in consolidative mode around the 119.00 nandle at the beginning of the week, flowing the broader flat trend in the global markets and against the backdrop of thin trade and low volatility.
Following the poor results from the Non-farm Payrolls in March, market participants will keep an eye in today’s US data releases: ISM Non manufacturing and the Labor Market Conditions Index.
USD/JPY key levels
At the moment the pair is flat at 118.99 with the immediate support at 118.72 (low Apr.3) followed by 118.33 (low Mar.26) and then 117.17 (low Feb.6). On the upside, a breakout of 119.98 (high Apr.3) would open the door to 119.42 (high Apr.1) and finally 119.90 (high Mar.20).