FxWirePro: USD/JPY topside capped at 120.45 despite surge in Nikkei
The dollar gained against the safe-haven yen early on Wednesday, boosted by a surge in global stocks amid a recovery in risk appetite Japaneses PM Abe said govt eyeing corporate tax cut, markets now betting on more fisca…
The dollar gained against the safe-haven yen early on Wednesday, boosted by a surge in global stocks amid a recovery in risk appetite
Japaneses PM Abe said govt eyeing corporate tax cut, markets now betting on more fiscal steps to boost economy
Nikkei up close to 1000 points - equities rallies overseas, however USD/JPY topside limited despite surge in Nikkei
USD/JPY is currently trading at 120.35, with next resistance located 120.70 (Daily High Sep 3) and above which it could extend 121 (Psychological Levels)
On the downside immediate support might be located at 120.16 (200-HMA) and then at 119.62 (Sept 3 Low) and below that at 119.53 (Hourly Kijun, 50%)
