Filed Under:
Forex pairs in this Article » USD/JPY
FXstreet.com (New York) - The USD/JPY foreign exchange rate has been confined to very narrow 23-pip trading range (99.59 – 99.72) during Asian trading.

USD/JPY unable to scale resistance

In these moments, the USD/JPY is advancing at a tepid +0.04%, settling at 99.70. Briefing the technicals, the Danske Research Team points to resistances at 99.74, then 99.92, and finally 100.47.

USD/JPY in danger of retracement?

“The USD dribbled lower against most of the major currencies overnight, in relatively listless trade. Investors will eye the US payrolls later this week, the negative implications being US bond yields and the USD paring some of their recent gains.” warns the BNZ Research Team.
comments powered by Disqus