USD/JPY better bid, limited below 80.00
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USD/JPY
FXstreet.com (San Francisco) - The USDJPY cross has inched up to a 3-day high of 79.96 so far this Thursday, despite a hint of risk-off in Europe overnight, but still remains trapped in between 79.45 and 80.10 range.
"Clear break of either extreme is required to see some action in the pair, something we may consider a pretty rare gem lately," says Valeria Bednarik, Chief Analyst at FXstreet.com.
Regional markets are expected to trade cautiously as they await key rate decisions later in the global day as well as Friday's U.S. payrolls figures.
The pairing last trades at 79.90 after the Tokyo fix, with support levels noted at 79.45, 79.20 and 78.80, while resistance levels lie at 80.10, 80.30 and 80.60 (ascending 100-day MA).
"Clear break of either extreme is required to see some action in the pair, something we may consider a pretty rare gem lately," says Valeria Bednarik, Chief Analyst at FXstreet.com.
Regional markets are expected to trade cautiously as they await key rate decisions later in the global day as well as Friday's U.S. payrolls figures.
The pairing last trades at 79.90 after the Tokyo fix, with support levels noted at 79.45, 79.20 and 78.80, while resistance levels lie at 80.10, 80.30 and 80.60 (ascending 100-day MA).
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