Back
22 Jan 2015
USD/JPY hovering around 118.00
FXStreet (Córdoba) - USD/JPY dropped to 117.20 as Draghi announced a new stimulus program in Europe but then it bounced to the upside, and currently it hovering around 118.00.
Like it happened yesterday the area above 117.10 capped the downside and the US dollar rebounded. The pair is testing an intraday resistance level located around 118.10; above here the next one lies at 118.30/35 (daily high).
To the downside, the 117.00 handle is becoming a key support level. On Tuesday the pair trade momentarily below but it was rejected, while on Wednesday and today, approached that mark but rebounded.
The yen is slightly lower against the US dollar and is mostly higher across the board supported by falling government bond yields and despite risk appetite. In Wall Street the Dow Jones is rising 0.68% while the Nasdaq is up 0.89%.
Like it happened yesterday the area above 117.10 capped the downside and the US dollar rebounded. The pair is testing an intraday resistance level located around 118.10; above here the next one lies at 118.30/35 (daily high).
To the downside, the 117.00 handle is becoming a key support level. On Tuesday the pair trade momentarily below but it was rejected, while on Wednesday and today, approached that mark but rebounded.
The yen is slightly lower against the US dollar and is mostly higher across the board supported by falling government bond yields and despite risk appetite. In Wall Street the Dow Jones is rising 0.68% while the Nasdaq is up 0.89%.