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14 Jan 2015
USD/JPY and another test of 117.00
FXStreet (Edinburgh) - The US dollar is now pushing higher vs. the Japanese currency, lifting USD/JPY to challenge the key barrier at 117.00 the figure once again.
USD/JPY eyes on Beige Book, Japanese docket
The pair remains submerged into the red territory, falling since the Asian opening from the 117.80/85 area to the boundaries of 116.20 during the European afternoon. Next of relevance will be the Fed’s Beige Book ahead of the key Machinery Orders in the Japanese economy, with consensus expecting a 5.0% monthly expansion during November.
USD/JPY levels to consider
The pair is now down 0.73% at 116.98 and a breach of 116.30 (low Dec.17 2014) would target the psychological level at 116.00 en route to 115.56 (low Nov.16 2014). On the upside, the immediate hurdle aligns at 118.19 (Kijun Sen) ahead of 118.75 (Tenkan Sen) and finally 118.85 (high Jan.13).
USD/JPY eyes on Beige Book, Japanese docket
The pair remains submerged into the red territory, falling since the Asian opening from the 117.80/85 area to the boundaries of 116.20 during the European afternoon. Next of relevance will be the Fed’s Beige Book ahead of the key Machinery Orders in the Japanese economy, with consensus expecting a 5.0% monthly expansion during November.
USD/JPY levels to consider
The pair is now down 0.73% at 116.98 and a breach of 116.30 (low Dec.17 2014) would target the psychological level at 116.00 en route to 115.56 (low Nov.16 2014). On the upside, the immediate hurdle aligns at 118.19 (Kijun Sen) ahead of 118.75 (Tenkan Sen) and finally 118.85 (high Jan.13).