OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY hits 8-day high into the close

FXstreet.com (Córdoba) - After a phase of consolidation, USD/JPY saw a quick spike during the American afternoon and reached a fresh 1-week high after comments from Japan Fin Min Aso and BoJ Governor Kuroda reiterating that BoJ monetary policy gained broad understanding among G20 members.

USD/JPY rose nearly 50 pips within the last minutes and touched its highest in 8 days at 99.67 before losing momentum. At time of writing, USD/JPY is trading around 99.50 where it records a 1.4% gain on the day.

In terms of technical levels, next resistances could be found at 99.80 (Apr 12 high), 99.95 (2013 high Apr 11) and 100.00 (psychological level). On the other hand, supports on dips are seen at 99.00 (psychological level) and 98.60 (200-hour SMA).

Forex: US Dollar Index up around 82.80/85

The greenback, gauged by the US Dollar Index, is reverting a negative start and printing fresh session highs in the area of 82.80/85 on Friday, with the risk aversion bolstering the correction higher...
Read more Previous

Forex Flash: EUR/USD likely to run out of steam near 1.3150 - Commerzbank

The large amount of economic data from the euro zone, UK and the US will re-fuel speculation about the further course of monetary policy in the main industrialized nations, says Carolin Hecht, analyst at Commerzbank.
Read more Next
Start livechat