USD/JPY off-lows, but struggles with 112.50

The USD/JPY pair met fresh supply near the mid-point of 112 handle, after having staged a minor-recovery from three0day lows struck at 112.23.

The major extends its losing streak into a third day today, as falling treasury yields continue to weigh, particularly after unimpressive US jobs report. The spot was last seen exchanging hands at session lows of 112.38, losing -0.22% on the day. While the shorter duration treasury yields drop -1.30% to -1.70%.

Moreover, the Japanese equities pared gains and trade muted, which also added to the downbeat sentiment seen around USD/JPY. Looking ahead, the major will continue to track the price-action in the US treasury yields closely, as the US docket remains data light, with the only LMCI on tap.

USD/JPY Technical levels to watch 

The major finds immediate resistance at 112.61 (daily pivot). A break above the last, the major could test 112.76 (5-DMA) and 113 (daily R3) beyond the last. While to the downside, the immediate support is seen at 112.23 (daily low) next at 112 (round number) and below that at 111.79 (100-DMA).

You may be interested

Buy Bitcoins in Europe With Bitmoney.eu
bitmoney.eu
shares319 views
bitmoney.eu
shares319 views

Buy Bitcoins in Europe With Bitmoney.eu

Brian Evans - Aug 10, 2017

Want to purchase bitcoins? Look no further! Buying bitcoins has never been easier, with Bitmoney.eu. Bitmoney.eu makes the process of buying Bitcoin easy and efficient, saving customers…

Goldman Sachs: ‘Real Dollars Are at Work’ in Cryptocurrency Markets
Bitcoin
shares398 views1
Bitcoin
shares398 views1

Goldman Sachs: ‘Real Dollars Are at Work’ in Cryptocurrency Markets

Brian Evans - Aug 10, 2017

Goldman Sachs has published a question-and-answer report focused on cryptocurrencies in which it suggests that clients should be keeping a closer eye on the market. According to…

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption
Bitcoin
shares399 views
Bitcoin
shares399 views

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption

Brian Evans - Aug 09, 2017

Bitcoin’s enthusiasts are torn between whether to celebrate Bitcoin’s arrival in the foothills of mass adoption, or to lament the upcoming burst that always happens with asset…

Most from this category

%d bloggers like this: