17 Jun 2015
USD/JPY rises above 124.00
FXStreet (Córdoba) - USD/JPY picked up renewed momentum and pushed through the 124.00 level toward fresh weekly highs.
The dollar has strengthened steadily throughout the day, accomplishing modest gains against the yen and Antipodean currencies as investors await the FOMC meeting for signals of the lift-off.
USD/JPY climbed more than 60 pips and reached a high of 124.03 in recent dealings. At time of writing, the pair is trading at 124.01, recording a 0.53% advance since opening.
USD/JPY levels to watch
In terms of technical levels, immediate resistances are seen at 124.13 (Jun 11 high), 124.69 (Jun 10 high) and 124.73 (Jun 9 high). On the other hand, supports could be found at 123.33/29 (Jun 17 & 16 lows), 123.10 (Jun 15 low) and 122.62 (Jun 11 low).
The dollar has strengthened steadily throughout the day, accomplishing modest gains against the yen and Antipodean currencies as investors await the FOMC meeting for signals of the lift-off.
USD/JPY climbed more than 60 pips and reached a high of 124.03 in recent dealings. At time of writing, the pair is trading at 124.01, recording a 0.53% advance since opening.
USD/JPY levels to watch
In terms of technical levels, immediate resistances are seen at 124.13 (Jun 11 high), 124.69 (Jun 10 high) and 124.73 (Jun 9 high). On the other hand, supports could be found at 123.33/29 (Jun 17 & 16 lows), 123.10 (Jun 15 low) and 122.62 (Jun 11 low).