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22 Oct 2015
USD/JPY stabilizing near 119.80
FXStreet (Edinburgh) - The Japanese yen is posting decent gains vs. its American peer on Thursday, now taking USD/JPY to the 119.80/70 area.
USD/JPY capped by 120.00
The pair is coming down to the lower end of the range after being recently rejected from the 120.00 neighbourhood, along with a renewed buying interest surrounding the Japanese safe haven.
Ahead in the session, the weekly report on the labour market, Existing Home Sales and the Chicago Fed National Activity index will grab all the attention in the US docket, while the Nomura/JMMA Manufacturing PMI is only expected in Japan tomorrow.
USD/JPY relevant levels
At the moment the pair is losing 0.15% at 119.74 with the next support at 118.68 (23.6% Fibo of 125.86-116.46) followed by 118.04 (low Oct.15) and finally 116.16 (low post PBoC move Aug.24). On the other hand, a surpass of 120.72 (55-day sma) would expose 121.16 (50% Fibo of 125.86-116.46) and then 121.96 (100-day sma).
USD/JPY capped by 120.00
The pair is coming down to the lower end of the range after being recently rejected from the 120.00 neighbourhood, along with a renewed buying interest surrounding the Japanese safe haven.
Ahead in the session, the weekly report on the labour market, Existing Home Sales and the Chicago Fed National Activity index will grab all the attention in the US docket, while the Nomura/JMMA Manufacturing PMI is only expected in Japan tomorrow.
USD/JPY relevant levels
At the moment the pair is losing 0.15% at 119.74 with the next support at 118.68 (23.6% Fibo of 125.86-116.46) followed by 118.04 (low Oct.15) and finally 116.16 (low post PBoC move Aug.24). On the other hand, a surpass of 120.72 (55-day sma) would expose 121.16 (50% Fibo of 125.86-116.46) and then 121.96 (100-day sma).