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USD/JPY trades a 118.80-119.50 range after soft PPI data

Wednesday, February 18, 2015 2:13 PM UTC

Source: Thomson Reuters

US PPI & Housing Starts/Permits underwhelm, no help to USD/JPY
119.45-50 offers intact, Tenkan & broken down TrendLine support at 118.81-82 attracting bids
Stops above 119.50 if risk-on flows persist on ECB QE-Greek deal
USD-JPY 2-yr spreads dip post data, Upper Bolli by 120
Key NY Expiries: 118.50 (1.4BLN) 119.00 (828M), 119.50 (2.2BLN)

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USD/JPY trades a 118.80-119.50 range after soft PPI data

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