OctaFX | OctaFX Forex Broker
main_menu_masthead_awards
Konto eröffnen Anmelden
de
    OctaFX | OctaFX Forex Broker
    Anmelden
      Konto eröffnen
      Back

      USD/JPY testing highs near 120.50

      FXStreet (Edinburgh) - The Japanese yen remains weak vs. its American counterpart at the end of the week, now lifting USD/JPY to challenge session tops near 120.40.

      USD/JPY capped by 120.60

      Spot has managed to come back from weekly troughs in the 119.20 region posted on Thursday following the hawkish tone by Fed’s Head Janet Yellen, who reiterated that a rate hike later in the year remains a solid possibility.

      On the Japanese side, inflation figures tracked by the CPI excluding Fresh Food have contracted 0.1% on a year to August, down from July’s flat reading. The results have weakened the yen, as market participants could start to factor in the likeliness of further easing by the BoJ in order to achieve its inflation target.

      USD/JPY levels to watch

      As of writing the pair is advancing 0.22% at 120.35 with the next hurdle at 120.72 (high Sep.16) ahead of 120.99 (high Sep.17) and finally 121.335 (high Sep.10). On the other hand, a breach of 120.01 (low Sep.25) would aim for 118.87 (low Sep.8) and then 118.58 (low Sep.4).

      Gold under pressure after Yellen speech

      Gold prices are trading moderately weak in early Europe after Fed chief Yellen reiterated that rates could be hiked in 2015.
      Mehr darüber lesen Previous

      Eurozone: Money supply and lending data awaited – Danske Bank

      Research Team at Danske Bank, suggest that investors focus in today’s session will be on release of Euro money supply and bank lending figures.
      Mehr darüber lesen Next
      Start livechat