25 Mar 2015
USD/JPY extends the drop to 100-DMA
FXStreet (Mumbai) - The USD/JPY pair extended the drop to its 100-DMA at 119.22 after the data in the US showed an unexpected fall in the US durable goods orders in February.
USD/JPY: Still relatively resilient
The pair, still remains relatively resilient, when compared to the spikes witnessed in the EUR/USD and GBP/USD pair. The up tick in the Nonmilitary capital goods excluding aircraft (business investment) could have limited the fall in the pair at the 100-DMA. However, when compared to the fall in the 10-year yield to a low of 1.852%, the pair again appears relatively resilient to the weak headline durable goods figure.
USD/JPY Technical Levels
At the moment, the pair is trading at 119.33. The immediate support is seen at 119.22 (100-DMA), under which the pair could drop to 118.61 levels. On the other hand, a break above 119.40 (50-DMA) could push the pair higher to 119.81.
USD/JPY: Still relatively resilient
The pair, still remains relatively resilient, when compared to the spikes witnessed in the EUR/USD and GBP/USD pair. The up tick in the Nonmilitary capital goods excluding aircraft (business investment) could have limited the fall in the pair at the 100-DMA. However, when compared to the fall in the 10-year yield to a low of 1.852%, the pair again appears relatively resilient to the weak headline durable goods figure.
USD/JPY Technical Levels
At the moment, the pair is trading at 119.33. The immediate support is seen at 119.22 (100-DMA), under which the pair could drop to 118.61 levels. On the other hand, a break above 119.40 (50-DMA) could push the pair higher to 119.81.