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

bitcoincasino
shares25 views

50+ Bitcoins Total Jackpot at Bitcoin Casino US

Brian Evans - Feb 25, 2018

Striking it rich online is more than possible at an establishment like BitcoinCasino.us. This bitcoin casino has many games that feature a progressive pot—meaning that they get…

Alt coins
shares29 views

Decentralized Application Platforms Sit At The Heart of The Blockchain Revolution: Part 3

Brian Evans - Feb 25, 2018

In parts one and two of our series on decentralized application blockchain platforms (dApps) we examined the dominant players in the space as well as those that,…

Blockchain
shares20 views

Three Ways Your ICO Can Overcome FUD in the Market: Expert Take

Brian Evans - Feb 25, 2018

The ICO-market has a PR problem, FUD is a symptom of misunderstanding. #EXPERT_TAKE

Most from this category

%d bloggers like this: