FxWirePro: Risk-on trades boosted as Greece optimism creeps in, USD/JPY trades higher at 121.99
Signs that Chinese equities are stabilising and Greece optimism helping risk sentiment across the board, could lead to further consolidation and pullback in the JPY crosses The safe-haven yen duly retreated, allowing the…
Signs that Chinese equities are stabilising and Greece optimism helping risk sentiment across the board, could lead to further consolidation and pullback in the JPY crosses
The safe-haven yen duly retreated, allowing the greenback to climb back above 121.500 yen, from a seven-week low of 120.410 set mid-week
At the time of writing USD/JPY is trading at 121.98, daily price action has pierced the cloud
55 EMA by 122.11 could offer strong resistance, break above could target 122.86 (20 DMA)
There is no major data out of Asia on Friday, Chinese equities, Greece progress and Yellen's speech on the U.S. economic outlook - due at 1630 GMT will be in focus
