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3 Dec 2014
USD/JPY awaiting the first to make a move for 120.00
FXStreet (Guatemala) - USD/JPY is trading at 119.24, up 0.01% on the day, having posted a daily high at 119.29 and low at 119.20.
USD/JPY is well placed on the bid settled on the 119 handle after scoring yet new highs and on target, in the bulls opinions, for the 120 psychological level. The greenback has taken the top spot with earlier comments in the US from Fed officials sighting that the collapse in the oil price is going to be US economy friendly and that they will not deter from their main objectives with a focus of rate rises in 2015.
The price has moved into an area with little technical history until 120.00 and traders stand by, essentially, awaiting for first attack while from the data points risk comes along with Nonfarm payrolls at the end of the week in the US in the main while more Fed speakers will be addressing markets further into the week.
USD/JPY is well placed on the bid settled on the 119 handle after scoring yet new highs and on target, in the bulls opinions, for the 120 psychological level. The greenback has taken the top spot with earlier comments in the US from Fed officials sighting that the collapse in the oil price is going to be US economy friendly and that they will not deter from their main objectives with a focus of rate rises in 2015.
The price has moved into an area with little technical history until 120.00 and traders stand by, essentially, awaiting for first attack while from the data points risk comes along with Nonfarm payrolls at the end of the week in the US in the main while more Fed speakers will be addressing markets further into the week.