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6 Feb 2015
USD/JPY trades choppy around 117.37
FXStreet (Mumbai) - USD/JPY erased previous gains and edged slightly lower in the Asian morning, extending the side trend from the previous session as traders remain wary ahead US payrolls release later today.
USD/JPY slides from 117.54
Currently, the USD/JPY traded lower by -0.14% at 117.37 levels, having previously posted day’s high at 117.54 and day’s low at 117.33. The pair continues to trade in a narrow range amid the lack of significant economic fundamentals, as traders monitor Greece developments and await the US non-farm payrolls due on later in the day.
The yen weakened against the US dollar in the US last session, following a series of macro data released in the US, including weekly jobless claims which fell, and the trade balance that delivered a downbeat reading.
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 slides from 117.54
Currently, the USD/JPY traded lower by -0.14% at 117.37 levels, having previously posted day’s high at 117.54 and day’s low at 117.33. The pair continues to trade in a narrow range amid the lack of significant economic fundamentals, as traders monitor Greece developments and await the US non-farm payrolls due on later in the day.
The yen weakened against the US dollar in the US last session, following a series of macro data released in the US, including weekly jobless claims which fell, and the trade balance that delivered a downbeat reading.
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.