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3 Jun 2015
USD/JPY climbs further on US data
FXStreet (Edinburgh) - The dollar remains on the positive track on Wednesday, now lifting USD/JPY to fresh intraday peaks above the 124.60 area.
USD/JPY solid post-US data
The pair advanced further after the US trade deficit shrunk to $40.88 billion during April, down from March’s $50.57billion deficit and the $44.00 billion deficit previously forecasted.
The data adds to the auspicious ADP figures, which showed the US private sector added 201K jobs during the last month.
USD/JPY levels to consider
At the moment the pair is up 0.35% at 124.56 with the next resistance at 124.82 (high Jun.2) followed by 125.05 (2015 high Jun.1) and finally the psychological level at 126.00. On the downside, a break below 123.75 (low Jun.3) would expose 123.75 (low Jun.2) and then 123.61 (23.6% of 118.89-125.07).
USD/JPY solid post-US data
The pair advanced further after the US trade deficit shrunk to $40.88 billion during April, down from March’s $50.57billion deficit and the $44.00 billion deficit previously forecasted.
The data adds to the auspicious ADP figures, which showed the US private sector added 201K jobs during the last month.
USD/JPY levels to consider
At the moment the pair is up 0.35% at 124.56 with the next resistance at 124.82 (high Jun.2) followed by 125.05 (2015 high Jun.1) and finally the psychological level at 126.00. On the downside, a break below 123.75 (low Jun.3) would expose 123.75 (low Jun.2) and then 123.61 (23.6% of 118.89-125.07).