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10 Feb 2015
USD/JPY reaches 1-month high
FXStreet (Córdoba) - USD/JPY jumped to a fresh1-month high early in America as the yen weakens across the board as risk aversion recedes amid reports of progress in of discussions between EU-Greece.
Underpinned by higher US yields, USD/JPY broke above post-NFP highs around 119.15 and rallied to 119.57, last seen Jan 9. However, the pair lost momentum and retreated slightly to currently trade at 119.40, recording a 0.67% gain on the day.
USD/JPY levels to watch
In terms of technical levels, USD/JPY is could find immediate resistances at 119.57 (daily high), 119.86 (Jan 9 high) and 120.00 (psychological level). On the other hand, supports are seen at 118.32 (Feb 9 low), 118.00 (psychological level) and 117.90 (21-day SMA).
Underpinned by higher US yields, USD/JPY broke above post-NFP highs around 119.15 and rallied to 119.57, last seen Jan 9. However, the pair lost momentum and retreated slightly to currently trade at 119.40, recording a 0.67% gain on the day.
USD/JPY levels to watch
In terms of technical levels, USD/JPY is could find immediate resistances at 119.57 (daily high), 119.86 (Jan 9 high) and 120.00 (psychological level). On the other hand, supports are seen at 118.32 (Feb 9 low), 118.00 (psychological level) and 117.90 (21-day SMA).