USD/JPY spiraling around 108.35 in indecisive Friday markets
- Pacific-Asia markets keeping USD/JPY stuck in place.
- US CPI could spark Dollar moves to cap off the week.
USD/JPY continues to cycle in the midrange between 108.00 and 109.00, currently testing 108.35 as easy-flowing Pacific markets await meaningful data from the upcoming EU and US market sessions to close out the trading week.
The Dollar-Yen pairing finds itself trading into levels that started the week, and although the Greenback has been showing weakness across the broader fx marketspace, USD/JPY continues to grind out sideways.
Japanese data has been thin this week, with Yen traders remaining cautious amidst geopolitical tensions through the Asian sector, but Friday delivers a key USD driver late in the day at 13:30 GMT, when US Core CPI drops on markets (forecast 2.2%, last 2.2%), and with the US Fed taking a notably dovish stance this week, investors will be keeping a close eye on US inflation data which could push the Federal Reserve off of interest rate hikes for 2019.
USD/JPY Technical Levels
Today Last Price: 108.39
Today Daily change: -9.0 pips
Today Daily change %: -0.0830%
Today Daily Open: 108.48
Previous Daily SMA20: 110.27
Previous Daily SMA50: 112.09
Previous Daily SMA100: 112.2
Previous Daily SMA200: 111.13
Previous Daily High: 108.5
Previous Daily Low: 107.77
Previous Weekly High: 110.48
Previous Weekly Low: 104.75
Previous Monthly High: 113.83
Previous Monthly Low: 109.55
Previous Daily Fibonacci 38.2%: 108.22
Previous Daily Fibonacci 61.8%: 108.05
Previous Daily Pivot Point S1: 108
Previous Daily Pivot Point S2: 107.52
Previous Daily Pivot Point S3: 107.28
Previous Daily Pivot Point R1: 108.73
Previous Daily Pivot Point R2: 108.97
Previous Daily Pivot Point R3: 109.45