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15 Jan 2015
USD/JPY settled for now, supported ahead of range lows
FXStreet (Guatemala) - USD/JPY is currently trading at with a high of 116.50 vs a low of 116.23 and is 0.03% in Asia.
USD/JPY has been unable to so far extend the declines to the 116.00 level and is shy of yesterday's lows at 116.07. The Yen has benefitted amongst the market turmoil although analysts are sighting that the dollar will eventually be the benefactor of the SNB's subsequent course of action, which maybe to diversify currency holdings into the US dominated assets, such as US Treasuries.
Technically, 117.20 is holding advances up on the charts and contains the pair within the bearish head and shoulders that is developing. Generally, the major remains within its wider range and volatility risks remain the theme while news continues to emerge in the aftermath of the SNB shocker. 117.93 contains the topside while 116.07 supports the pair.
USD/JPY has been unable to so far extend the declines to the 116.00 level and is shy of yesterday's lows at 116.07. The Yen has benefitted amongst the market turmoil although analysts are sighting that the dollar will eventually be the benefactor of the SNB's subsequent course of action, which maybe to diversify currency holdings into the US dominated assets, such as US Treasuries.
Technically, 117.20 is holding advances up on the charts and contains the pair within the bearish head and shoulders that is developing. Generally, the major remains within its wider range and volatility risks remain the theme while news continues to emerge in the aftermath of the SNB shocker. 117.93 contains the topside while 116.07 supports the pair.