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8 May 2015
USD/JPY looking for a less negative close
FXStreet (Guatemala) - USD/JPY is currently trading at 119.75 with a high of 120.24 and a low of 119.58.
USD/JPY is consolidated in to the closing hours changing hands in a tight range in the upper region of the handle looking for a less negative close to enter next week's business. The BoJ minutes didn't offer anything new of course while the Nonfarm Payrolls missed expectations and dragged on the greenback today.
Technically, USD/JPY the outlook remains mixed and we are sticking to familiar ranges while swing traders enjoy the wide range of the major still. The range comes with 120.82/84 resistance, being the December 2014 and the April high and beyond there we have the 14 year downtrend at 122.07. To the downside, the 118.33 March 26 low remains familiar ahead of the February low at 116.64.
USD/JPY is consolidated in to the closing hours changing hands in a tight range in the upper region of the handle looking for a less negative close to enter next week's business. The BoJ minutes didn't offer anything new of course while the Nonfarm Payrolls missed expectations and dragged on the greenback today.
Technically, USD/JPY the outlook remains mixed and we are sticking to familiar ranges while swing traders enjoy the wide range of the major still. The range comes with 120.82/84 resistance, being the December 2014 and the April high and beyond there we have the 14 year downtrend at 122.07. To the downside, the 118.33 March 26 low remains familiar ahead of the February low at 116.64.