Back
27 Apr 2015
USD/JPY retreats toward 119.00
FXStreet (Córdoba) - A weak US dollar pushed USD/JPY to the downside. The pair that early climbed to 119.43 was moving toward 119.00.
Recently it dropped to 119.08 and it was trading at 119.10, 25 pips above Friday's closing price but far from the highs and holding a bearish tone.
Greenback dropped sharply across the board during the last hour, as stocks opened with gains in Wall Street and after another disappointing economic report from the US.
USD/JPY technical levels
To the downside support levels might lie at 119.00, 118.75 (daily low) and 118.50/55 (last week lows). On the opposite direction resistance could be located a t119.40/45 (daily high), 119.80 and 120.00.
Recently it dropped to 119.08 and it was trading at 119.10, 25 pips above Friday's closing price but far from the highs and holding a bearish tone.
Greenback dropped sharply across the board during the last hour, as stocks opened with gains in Wall Street and after another disappointing economic report from the US.
USD/JPY technical levels
To the downside support levels might lie at 119.00, 118.75 (daily low) and 118.50/55 (last week lows). On the opposite direction resistance could be located a t119.40/45 (daily high), 119.80 and 120.00.