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USD/JPY clipping into the 111.00 handle as the greenback recovers

  • Thin post-Christmas markets are seeing the USD climb steadily against the safe-haven Yen.
  • Friday sees the week close out with plenty of Japan data.

USD/JPY is cycling at the 111.00 handle after catching a lift on Wednesday as market flows saw the greenback catch a bid, and markets are keeping the pair afloat as risk appetite flows remain on-balance in thin post-holiday trading.

The late Thursday/early Friday window sees another round of Japanese employment figures, as well as Tokyo CPI inflation readings, and the Pacific-Asia trading session to close out the last trading week of 2018 could see some action on the Yen side if expected figures deviate too drastically from forecasts as central planners in Japan desperately hope to keep the wheels on as the Bank of Japan (BoJ) seeks higher inflation.

Annualized Tokyo CPI for December is forecast to come in at 1%, while the Japanese Unemployment Rate is expected to tick down to 2.3% from 2.4%. Annualized Retail Trade for November is forecast to decline to 2.2% from 3.5%, and Japan's preliminary Industrial Production for December is expected to decline sharply -1.9% from the previous month's 2.9% reading.

USD/JPY Technical Levels


    Today Last Price: 111.08
    Today Daily change: -26 pips
    Today Daily change %: -0.234%
    Today Daily Open: 111.34
    Previous Daily SMA20: 112.56
    Previous Daily SMA50: 112.86
    Previous Daily SMA100: 112.38
    Previous Daily SMA200: 110.97
    Previous Daily High: 111.41
    Previous Daily Low: 110.13
    Previous Weekly High: 113.52
    Previous Weekly Low: 110.81
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 110.92
    Previous Daily Fibonacci 61.8%: 110.62
    Previous Daily Pivot Point S1: 110.51
    Previous Daily Pivot Point S2: 109.68
    Previous Daily Pivot Point S3: 109.23
    Previous Daily Pivot Point R1: 111.79
    Previous Daily Pivot Point R2: 112.24
    Previous Daily Pivot Point R3: 113.07


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