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Trading news
16 Apr 2015
USD/JPY key support at 118.33 – AceTrader
FXStreet (Barcelona) - The AceTrader Team shares the technical outlook and key levels for USD/JPY.
Key Quotes
“Dlr fell below Tuesday's low at 119.07 to 118.79 in NY afternoon yesterday as intra-day rally in euro amid optimistic ECB outlook n weak U.S. data triggered broad-based selling in the greenback. Despite a recovery to 119.23 near NY close, price retreated in Tokyo morning to 118.80.”
“Today, fund flow should dominate the market in Asia n European morning as investors are awaiting another batch of U.S. economic data in NY morning, these include weekly jobless claims, housing starts, building permits n Philly Fed Business Index.”
“At the moment, offers are tipped at 119.20-30 n then 119.50-60 with mixture of offers n stops located just above 119.80. On the downside, bids are placed at 118.70-60 n then 118.50-40 with stops emerging below daily key support at 118.33 (Mar low).”
Key Quotes
“Dlr fell below Tuesday's low at 119.07 to 118.79 in NY afternoon yesterday as intra-day rally in euro amid optimistic ECB outlook n weak U.S. data triggered broad-based selling in the greenback. Despite a recovery to 119.23 near NY close, price retreated in Tokyo morning to 118.80.”
“Today, fund flow should dominate the market in Asia n European morning as investors are awaiting another batch of U.S. economic data in NY morning, these include weekly jobless claims, housing starts, building permits n Philly Fed Business Index.”
“At the moment, offers are tipped at 119.20-30 n then 119.50-60 with mixture of offers n stops located just above 119.80. On the downside, bids are placed at 118.70-60 n then 118.50-40 with stops emerging below daily key support at 118.33 (Mar low).”