Technicals

Add as a preferred source on Google

Decent U.S. data provides USD/JPY modest lift; 123.20-25 key

Above-forecast US Consumption, decent Income & PCE data provide modest lift to USD/JPY Kijun, Jun 19 low & 61.8% of 122.48-124.38 at 123.25, 21, 20; stops below N225 futures & 2-yr spreads supportive, but broader risk-of…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Above-forecast US Consumption, decent Income & PCE data provide modest lift to USD/JPY 

  • Kijun, Jun 19 low & 61.8% of 122.48-124.38 at 123.25, 21, 20; stops below

  • N225 futures & 2-yr spreads supportive, but broader risk-off mood weighs

  • Yen still favored as a haven amid stalled Greek talks & as CHF hit by Jordan 

  • Y893bln Japanese selling of foreign bonds last week a headwind for uptrend

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560