OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY consolidates in a higher range

FXStreet (Córdoba) - USD/JPY is consolidating in a higher range at the beginning of the American session after above forecast US CPI lifted the dollar.

USD/JPY regained the 107 mark and reached a high of 107.33 before losing momentum and steadying just below. At time of writing, USD/JPY is trading at the 107.20 zone, recording a 0.21% gain so far Wednesday.

In terms of data, there are no other releases on the US calendar today, while Japanese manufacturing PMI is scheduled for next Asian session.

USD/JPY technical levels

As for technical levels, USD/JPY could find next resistances at 107.33/38 (intraday high/Oct 20 high), 107.49 (Oct 15 high) and 107.93 (20-day SMA). On the other hand, supports are seen at 106.78 (intraday low), 106.24 (Oct 21 low) and 106.12 (Oct 17 low) ahead of 106.00 (psychological level).

Precious metals decline

The precious metals pack is trading lower in the US session today after the official data in the US showed a surprising increase in the price pressures in September.
Read more Previous

AUD/JPY breaks bove 94.20 and rises to fresh weekly highs

AUD/JPY has been rising constantly during the last hours and managed to break 94.20, area that since the beginning of the week offered resistance.
Read more Next
Start livechat