9 Jan 2015
USD/JPY backs away from 120.00
FXStreet (Córdoba) - The dollar was a touch softer versus the yen on Friday as investors take a wait-and-see stance ahead of the awaited US nonfarm payrolls report scheduled later on the day.
USD/JPY remains below the 120.00 resistance area, consolidating the recovery from a 3-week low of 118.06 scored on Tuesday. Having spent the last sessions between 119-120, the pair is currently trading near the lower side of the range at 119.22, 0.31% below its opening price.
USD/JPY levels to watch
As for technical levels, USD/JPY could find immediate supports at 119.15 (daily low), 118.37 (Jan 7 low) and 118.06 (Jan 6 low). On the other hand, resistances are seen at 119.95/120.00 (Jan 8 high/psychological level), 120.73 (Jan 2 high) and 121.00 (psychological level).
USD/JPY remains below the 120.00 resistance area, consolidating the recovery from a 3-week low of 118.06 scored on Tuesday. Having spent the last sessions between 119-120, the pair is currently trading near the lower side of the range at 119.22, 0.31% below its opening price.
USD/JPY levels to watch
As for technical levels, USD/JPY could find immediate supports at 119.15 (daily low), 118.37 (Jan 7 low) and 118.06 (Jan 6 low). On the other hand, resistances are seen at 119.95/120.00 (Jan 8 high/psychological level), 120.73 (Jan 2 high) and 121.00 (psychological level).