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6 Feb 2015
USD/JPY stuck around 117.31, US data in focus
FXStreet (Mumbai) - USD/JPY continues to trade in a tight range during the European session, locked within few pips range ahead of the highly anticipated monthly US labor data.
USD/JPY declines from 117.40 levels
Currently, the USD/JPY traded lower by -0.19% at 117.30 levels, having risen slightly higher around 117.40 levels some time ago. The pair continues to trade in a narrow range amid the lack of significant economic fundamentals, as traders monitor Greece developments and more volatility expected after the US non-farm payrolls come out.
The US jobs report is expected to show a rise of 230K jobs in January and for the unemployment rate to have remained steady at 5.6%.
USD/JPY Technical Levels
To the upside, the next resistance is located at 117.61 levels and above which it could extend gains 118 levels. To the downside immediate support might be located at 117 levels, below that at 116.86 levels.
USD/JPY declines from 117.40 levels
Currently, the USD/JPY traded lower by -0.19% at 117.30 levels, having risen slightly higher around 117.40 levels some time ago. The pair continues to trade in a narrow range amid the lack of significant economic fundamentals, as traders monitor Greece developments and more volatility expected after the US non-farm payrolls come out.
The US jobs report is expected to show a rise of 230K jobs in January and for the unemployment rate to have remained steady at 5.6%.
USD/JPY Technical Levels
To the upside, the next resistance is located at 117.61 levels and above which it could extend gains 118 levels. To the downside immediate support might be located at 117 levels, below that at 116.86 levels.