Back

USD/JPY sidelined around 121.40

FXStreet (Edinburgh) - The US dollar recovered the ground lost on Tuesday, with USD/JPY bouncing off daily lows around 121.15/10.

USD/JPY attention to the FOMC

Spot followed a negative trend since early trade in Asia, paying little attention to the steady stance from Governor Kuroda in today’s BoJ meeting. Of note, however, were his appreciations that domestic consumer prices could drop to the negative ground helped by the downside in crude oil prices.

Next of note in Japan will be the trade balance figures during the last month followed by the BoJ Monthly Economic Survey. Across the Pacific, the most relevant event will be the FOMC meeting.

USD/JPY levels to consider

The pair is now up 0.03% at 121.38 with the initial hurdle at 121.53 (high Mar.17) ahead of 121.67 (high Mar.12) and finally 122.04 (2015 high Mar.10). On the downside, a breach of 121.09 (low Mar.16) would open the door to 120.83 (Tenkan Sen) and then 120.66 (low Mar.12).

FX space in a technical snapshot - Scotiabank

Analysts at Scotiabank gave a snapshot overview of the FX space.
了解更多 Previous

EUR/USD downside limited for now - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair erased all of its intraday gains after posting a fresh weekly high of 1.0650 early in the US session.
了解更多 Next