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4 May 2015
USD/JPY extends above 120.00
FXStreet (Edinburgh) - The greenback continues to inch higher vs. its Japanese counterpart on Monday, with USD/JPY moving beyond 120.20.
USD/JPY focus US data
The pair is challenging 3-week tops in the 120.25/30 band at the beginning of the week, propped up by a better tone from US Treasuries. In the same direction, the Japanese yen is extending its downside following the recent steady stance from the BoJ meeting amidst the inactivity in the domestic markets due to the Greenery Day.
Next on tap in the pair will be US Factory Orders (2.0% MoM exp.) and speeches by Evans and Williams.
USD/JPY key levels
As of writing the pair is advancing 0.07% at 120.22 and a surpass of 120.62 (high Apr.10) ahead of 120.84 (high Apr.13) and then 121.00 (psychological level). On the other hand, a breakdown of 120.05 (cloud top) would target 119.70 (low May 1) and finally 119.33 (200-h MA).
USD/JPY focus US data
The pair is challenging 3-week tops in the 120.25/30 band at the beginning of the week, propped up by a better tone from US Treasuries. In the same direction, the Japanese yen is extending its downside following the recent steady stance from the BoJ meeting amidst the inactivity in the domestic markets due to the Greenery Day.
Next on tap in the pair will be US Factory Orders (2.0% MoM exp.) and speeches by Evans and Williams.
USD/JPY key levels
As of writing the pair is advancing 0.07% at 120.22 and a surpass of 120.62 (high Apr.10) ahead of 120.84 (high Apr.13) and then 121.00 (psychological level). On the other hand, a breakdown of 120.05 (cloud top) would target 119.70 (low May 1) and finally 119.33 (200-h MA).