OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

USD/JPY on rampage, takes out 200-DMA resistance

FXStreet (Mumbai) - The USD/JPY bulls are on the rampage amid rally in the European stocks, pushing the pair above its 200-DMA located at 120.88 levels.

Hovers near 121.00 handle

The spot now trades within touching distance from the 121.00 handle. The JPY turned out to be one of the biggest gainers on Thursday on account of the risk aversion in the markets across the globe.

However, Fed’s Yellen reiterated on Thursday that rates could rise in 2015, which pushed up Treasury yields in the US. The European stocks rallied more than 2% and pushed up US index futures as well. Consequently, the safe haven assets like the JPY took a hit.

USD/JPY Technical Levels

The pair currently trades around 120.95. The immediate resistance is seen at 121.00 levels, above which gains could be extended to 121.32 (Sep 10 high). On the other side, support is located at 120.88 (200-DMA) and 120.41 (July 8 low).

USD/CHF hits fresh monthly highs near 0.9840 on stronger USD

The USD bulls are under fire and sent the USD/CHF pair through the roof beyond 0.9800 levels, rallying nearly 200 pips from yesterday's steep fall.
Mehr darüber lesen Previous

Downside global risks have increased - BOE FPC Statement

The Bank of England (BOE), in its latest quarterly Financial Policy Committee statement published on Friday noted, although the economy’s outlook for financial stability remains challenging owing to the risks emerging from China, the UK banking sector resilience continues to improve.
Mehr darüber lesen Next
Livechat starten