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20 Apr 2015
USD/JPY bids seen near 118.70-60 – AceTrader
FXStreet (Barcelona) - The AceTrader Team shares the technical outlook and key levels for USD/JPY.
Key Quotes
“Although dlr's retreat in NY session on Friday after a brief but strong rebound from a fresh 3-week trough at 118.57 to 119.27 after release of in-line U.S. inflation, cross-selling in yen emerged at Asian open and lifted price to 119.02 in NZ on Monday.”
“Reuters reported the Japan manufacturers' mood slides on global uncertainty. Reuters Tankan for Japan manufacturers' index +12 in April vs +16 in March.”
“However, in a separate report, Reuters Tankan for Japan non-manufacturers' index +25 in April vs +21 in March. Reuters Tankan also showed Japan manufacturers July index seen at +18, non-manufacturers +26.”
“At the moment, bids from various accounts are noted at 118.70-60 and then 118.50/45 with stops emerging below March's bottom at 118.33.”
“On the upside, offers are tipped at 119.10-20 and then around 119.30 with mixture of offers and stops located at 119.50-60.”
Key Quotes
“Although dlr's retreat in NY session on Friday after a brief but strong rebound from a fresh 3-week trough at 118.57 to 119.27 after release of in-line U.S. inflation, cross-selling in yen emerged at Asian open and lifted price to 119.02 in NZ on Monday.”
“Reuters reported the Japan manufacturers' mood slides on global uncertainty. Reuters Tankan for Japan manufacturers' index +12 in April vs +16 in March.”
“However, in a separate report, Reuters Tankan for Japan non-manufacturers' index +25 in April vs +21 in March. Reuters Tankan also showed Japan manufacturers July index seen at +18, non-manufacturers +26.”
“At the moment, bids from various accounts are noted at 118.70-60 and then 118.50/45 with stops emerging below March's bottom at 118.33.”
“On the upside, offers are tipped at 119.10-20 and then around 119.30 with mixture of offers and stops located at 119.50-60.”