5 Mar 2015
USD/JPY deflates from highs
FXStreet (Edinburgh) - The greenback is losing the grip now, pushing USD/JPY back to the area of 120.20 after hitting intraday highs beyond 120.40.
USD/JPY a tad lower on US data
The pair is leaving the region of session highs after Initial Claims to 320K in the week ended on February 20th vs. 295K expected and 313K from the previous week. Further data showed Unit Labour Costs expanding 4.1% during the fourth quarter while Non-farm Productivity contracted 2.2% during the same period.
Next on tap will be US Factory Orders, with consensus expecting an expansion of 0.2% on a month to January.
USD/JPY key levels
At the moment the pair is advancing 0.47% at 120.28 with the next hurdle at 120.48 (high Feb.11) ahead of 120.68 (high Jan.5). On the downside, a break below 119.47 (low Mar.4) would aim for 119.38 (low Mar.3) and then 119.17 (21-d MA).
USD/JPY a tad lower on US data
The pair is leaving the region of session highs after Initial Claims to 320K in the week ended on February 20th vs. 295K expected and 313K from the previous week. Further data showed Unit Labour Costs expanding 4.1% during the fourth quarter while Non-farm Productivity contracted 2.2% during the same period.
Next on tap will be US Factory Orders, with consensus expecting an expansion of 0.2% on a month to January.
USD/JPY key levels
At the moment the pair is advancing 0.47% at 120.28 with the next hurdle at 120.48 (high Feb.11) ahead of 120.68 (high Jan.5). On the downside, a break below 119.47 (low Mar.4) would aim for 119.38 (low Mar.3) and then 119.17 (21-d MA).