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Trading news
16 Apr 2015
USD/JPY back to daily lows as dollar plummets
FXStreet (Córdoba) - USD/JPY continues to move sideways on Thursday but now closer to daily lows as the US dollar falls across the board. The pair recently dropped to 118.89 and rebounded. Currently is hovering around 119.00.
With greenback under pressure in the market, USD/JPY continues to trade near an important short term support located around 118.80 (April 6, 15, 16 lows). A break lower could open the way for a further decline, probably to test March lows that lie at 118.30.
The yen is also weak in the market; while USD/JPY is falling modestly, the rest of the currencies reach fresh highs versus the US dollar and levels not seen in weeks.
With greenback under pressure in the market, USD/JPY continues to trade near an important short term support located around 118.80 (April 6, 15, 16 lows). A break lower could open the way for a further decline, probably to test March lows that lie at 118.30.
The yen is also weak in the market; while USD/JPY is falling modestly, the rest of the currencies reach fresh highs versus the US dollar and levels not seen in weeks.