FxWirePro: USD/JPY trades a tight range, daily Tenkan at 120.13 seen as strong resistance
Demand for the safe-haven yen eased early on Wednesday as global stocks steadied from a rout and some calm returned to markets Encouraging improvement in U.S. consumer sentiment and euro zone economic sentiment helping s…
Demand for the safe-haven yen eased early on Wednesday as global stocks steadied from a rout and some calm returned to markets
Encouraging improvement in U.S. consumer sentiment and euro zone economic sentiment helping soothe markets
Yen showed limited reaction to unexpected fall in Japan's industrial output in August, USD/JPY range bound in the Asian session, with day's highs at 120.03 and lows at 119.69
U.S. nonfarm payrolls due on Friday could help strengthen, or weaken, the case for a 2015 lift-off and set the tone for the dollar
Markets will also watch Yellen's remarks at a conference at 1900 GMT Wednesday, no Q&A session is planned
USD/JPY depreciation ahead of the 2nd Oct BoJ meet could be limited as market expectations for BOJ easing have risen following weaker economic fundamentals, a decline in USD/JPY and equity prices
Daily Cloud is now above at 120.54-72, price action remains well below the cloud
USD/JPY is currently trading at 119.95, with immediate resistance at 120.08 (converged Kijun and 20 DMA) and support at 119.68 (session lows 30 Sept)
