Back
9 Feb 2015
USD/JPY moves off daily lows
FXStreet (Córdoba) - The yen benefitted from the risk off environment amid worries about the conflict in Ukraine and fears of a Grexit.
USD/JPY fell to a low of 118.32 during the American session, although the dollar managed to cut losses and climbed back to the 118.65 zone. At time of writing, the pair is trading at 118.55, down 0.34% on the day.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate supports at 118.32 (daily low) and 118.00 (psychological level). On the other hand, resistances are seen at 119.09 (daily high) and 119.21 (Feb 6 high).
USD/JPY fell to a low of 118.32 during the American session, although the dollar managed to cut losses and climbed back to the 118.65 zone. At time of writing, the pair is trading at 118.55, down 0.34% on the day.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate supports at 118.32 (daily low) and 118.00 (psychological level). On the other hand, resistances are seen at 119.09 (daily high) and 119.21 (Feb 6 high).