5 Jun 2015
USD/JPY edges higher, 125.00 on sight
FXStreet (Edinburgh) - The Japanese yen extends its downbeat tone on Friday vs. its American counterpart, pushing USD/JPY to session tops just above 124.80.
USD/JPY firmer ahead of Non–farm Payrolls
The pair has resumed its upside today and remains on track to challenge recent fresh cycle highs at 125.07. The dollar now finds some support on the better performance from the US yields, taking the US Dollar Index to daily tops.
Next of relevance in the pair will be the US Non-farm Payrolls during May, with consensus expecting the domestic economy to have added 225K jobs.
USD/JPY levels to consider
The pair is now up 0.36% at 124.82 facing the next hurdle at 125.07 (2015 high Jun.2) and then 125.72 (monthly high Nov.2002) and finally 129.07 (monthly high Apr.2002). On the other side, a breakdown of 123.79 (low Jun.3) would open the door to 123.75 (low Jun.2) and finally 123.61 (23.6% of 118.89-125.07).
USD/JPY firmer ahead of Non–farm Payrolls
The pair has resumed its upside today and remains on track to challenge recent fresh cycle highs at 125.07. The dollar now finds some support on the better performance from the US yields, taking the US Dollar Index to daily tops.
Next of relevance in the pair will be the US Non-farm Payrolls during May, with consensus expecting the domestic economy to have added 225K jobs.
USD/JPY levels to consider
The pair is now up 0.36% at 124.82 facing the next hurdle at 125.07 (2015 high Jun.2) and then 125.72 (monthly high Nov.2002) and finally 129.07 (monthly high Apr.2002). On the other side, a breakdown of 123.79 (low Jun.3) would open the door to 123.75 (low Jun.2) and finally 123.61 (23.6% of 118.89-125.07).