ہمارے بہترین اسپریڈز اور شرائط
پلیٹ فارم کے بارے میں
ٹریڈنگ خبریں
Back
3 Mar 2015
USD/JPY steadies around 5-DMA
FXStreet (Mumbai) - The USD/JPY pair is trading around the 5-DMA located at 119.73, after having declined from the high of 120.19 levels. The slight decline in the Treasury yields along with the slight decline in the major European equity futures is supporting the Japanese Yen.
USD/JPY: 119 or 120?
Given the absence of a major first tier economic data in the US, the pair is likely to move in line with the sentiment in the major European and US equity markets. The 10-year Treasury yield in the US rose to 2.9% in the previous session despite the disappointing US data. The positive action in the equity markets could ensure the yields stay resilient, leading the pair back to 120.00 levels.
On the other hand, weakness in the equity markets could trigger a correction in the US yields and may push the pair down to 119.00 levels.
USD/JPY Technical Levels
The immediate support is seen at 119.32 (10-DMA),under which losses could be extended to 118.90 levels. On the flip side, resistance is seen at 119.82 and 120.25 levels.
USD/JPY: 119 or 120?
Given the absence of a major first tier economic data in the US, the pair is likely to move in line with the sentiment in the major European and US equity markets. The 10-year Treasury yield in the US rose to 2.9% in the previous session despite the disappointing US data. The positive action in the equity markets could ensure the yields stay resilient, leading the pair back to 120.00 levels.
On the other hand, weakness in the equity markets could trigger a correction in the US yields and may push the pair down to 119.00 levels.
USD/JPY Technical Levels
The immediate support is seen at 119.32 (10-DMA),under which losses could be extended to 118.90 levels. On the flip side, resistance is seen at 119.82 and 120.25 levels.