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21 Apr 2015
USD/JPY hits a fresh 1-week high
FXStreet (Córdoba) - The US dollar strengthened across the board after Wall Street opening bell and pushed to the upside the USD/JPY pair that rose from 119.40 to 119.83, hitting the strongest level since April 14.
Currently trades at 119.65, up 0.40% for the day, headed toward the second daily gain in row as it continues to recover from 118.53, the 3-week low that reached yesterday.
The yen dropped across the board during the last two hours as US stocks opened mixed. The Dow Jones index was falling 0.13% while the Nasdaq was rising 0.47%.
USD/JPY short term technical levels
To the upside, immediate resistance lies at 119.80/85 (daily high), 120.00 and 120.40/45. On the opposite direction, support might now be located at 119.50, 119.30 (European session low) and 119.10/15 (daily low).
Currently trades at 119.65, up 0.40% for the day, headed toward the second daily gain in row as it continues to recover from 118.53, the 3-week low that reached yesterday.
The yen dropped across the board during the last two hours as US stocks opened mixed. The Dow Jones index was falling 0.13% while the Nasdaq was rising 0.47%.
USD/JPY short term technical levels
To the upside, immediate resistance lies at 119.80/85 (daily high), 120.00 and 120.40/45. On the opposite direction, support might now be located at 119.50, 119.30 (European session low) and 119.10/15 (daily low).