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USD/JPY attempts a shy recovery early US session - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY has climbed a few pips above the 107.30 immediate support, but the attempts to recover are rather feeble.

Key quotes

"With no data to backup currencies’ movements, risk sentiment takes the lead, with easing concerns putting dollar under mild selling pressure."

"The EUR/USD hourly chart shows price above a bullish 20 SMA but indicators turning lower above their midlines, as gains remain limited."

"In the 4 hours chart price hovers around a flat 20 SMA as momentum continues to head south in negative territory, limiting chances of a firmer advance."

"A firmer advance beyond 1.2700 may see the pair approaching 1.2745, while risk to the downside will increase on a break below 1.2660 support now."

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