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14 May 2015
USD/JPY muted post-US data
FXStreet (Edinburgh) - The dollar alternates gains with losses vs. the Japanese yen, with USD/JPY navigating the low-119.00s so far.
USD/JPY indifferent on UK jobs report
Spot kept the composure following the weekly report on the US labour market, where Initial Claims extended its weekly drop to 265K, bettering forecasts for 275K. Further releases saw Producer Prices contracting more than expected 0.4% on a month to April and 1.3% over the last twelve months.
Next on tap in the pair will be the speech by BoJ Governor Kuroda, scheduled for tomorrow during Asian trading hours.
USD/JPY levels to watch
At the moment the pair is retreating 0.01% at 119.14 and a break below 118.88 (low May 14) would expose 118.50 (low Apr.30) and then 118.33 (low Mar.26). On the upside, the immediate hurdle lines up at 119.34 (high May 14) followed by 119.67 (Kijun Sen) and then 119.77 (Tenkan Sen).
USD/JPY indifferent on UK jobs report
Spot kept the composure following the weekly report on the US labour market, where Initial Claims extended its weekly drop to 265K, bettering forecasts for 275K. Further releases saw Producer Prices contracting more than expected 0.4% on a month to April and 1.3% over the last twelve months.
Next on tap in the pair will be the speech by BoJ Governor Kuroda, scheduled for tomorrow during Asian trading hours.
USD/JPY levels to watch
At the moment the pair is retreating 0.01% at 119.14 and a break below 118.88 (low May 14) would expose 118.50 (low Apr.30) and then 118.33 (low Mar.26). On the upside, the immediate hurdle lines up at 119.34 (high May 14) followed by 119.67 (Kijun Sen) and then 119.77 (Tenkan Sen).