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21 Apr 2015
USD/JPY on the bid in Tokyo on 119 handle
FXStreet (Guatemala) - USD/JPY is currently trading at 119.35 with a high of 119.38 and a low of 119.17.
USD/JPY is bid in Tokyo as the follow through in the greenback's strength overnight take he Yen lower on the 119 handle, extending losses from 118.50 territory. There is little to come from the calendar today for the pair until The Leading Economic Index for Japan is released later but shortly, we will see the minutes from the RBA which may be a mover in the markets.
Technically, the pair is moving with the same rising ranges and en-route for R3 at 119.63 just a touch higher than overnight highs at 119.42 while 119.10 likely offers support on a potential pull back while April lows at 118.52 is just ahead of key support S1 118.38. RSI (14) reads as 60.37.
USD/JPY is bid in Tokyo as the follow through in the greenback's strength overnight take he Yen lower on the 119 handle, extending losses from 118.50 territory. There is little to come from the calendar today for the pair until The Leading Economic Index for Japan is released later but shortly, we will see the minutes from the RBA which may be a mover in the markets.
Technically, the pair is moving with the same rising ranges and en-route for R3 at 119.63 just a touch higher than overnight highs at 119.42 while 119.10 likely offers support on a potential pull back while April lows at 118.52 is just ahead of key support S1 118.38. RSI (14) reads as 60.37.