6 Mar 2015
USD/JPY: On 120 ahead of Nonfarm Payrolls
FXStreet (Guatemala) - USD/JPY is currently trading at 120.14 with a high of 120.19 and a low of 120.04.
USD/JPY has held on to the 120 handle after some movement in both directions overnight with the Yen taken down as low 120.38 vs the greenback before falling back onto 119.95 in late European trade.
The air of sentiment stays bearish on the Yen and it is still trading below key initial resistances on the 120 handle. A continuation of failed or sluggish attempts towards the upside brings in the downside levels on 116 and 115.50 Mid Dec 2015 lows, and until there we remain in familiar ranges and oscillate. The main event of course lies within the US shift and comes as Nonfarm Payrolls.
USD/JPY has held on to the 120 handle after some movement in both directions overnight with the Yen taken down as low 120.38 vs the greenback before falling back onto 119.95 in late European trade.
The air of sentiment stays bearish on the Yen and it is still trading below key initial resistances on the 120 handle. A continuation of failed or sluggish attempts towards the upside brings in the downside levels on 116 and 115.50 Mid Dec 2015 lows, and until there we remain in familiar ranges and oscillate. The main event of course lies within the US shift and comes as Nonfarm Payrolls.