Investopedia

USD/JPY hits fresh session highs

June 29 2012 | Filed Under »
Forex pairs in this Article » USD/JPY
FXstreet.com (Córdoba) - Strong risk appetite and rising US yields continue to underpin the dollar against the yen that recently scored a fresh daily high just below the 80.00 level.

USDJPY saw another spike toward a 4-day high of 79.96 but failed to extend gains and eased somewhat instead. At time of writing, the pair is quoting at the 79.85 area, recording a 0.5% gain on the day.

In terms of technical levels, immediate resistances are seen at 80.00 and 80.30 ahead of 80.60, while support could be found at 79.45, 79.20 and 78.80.
comments powered by Disqus
Marketplace
Trading Center