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24 Dec 2014
USD/JPY resting up ahead of further liquidity
FXStreet (Guatemala) - USD/JPY is trading at 120.71, down -0.07% on the day, having posted a daily high at 120.81 and low at 120.67.
USD/JPY remains in the higher end of the 120 handle with a bid tone around the greenback post a US session that saw the US dollar break into new highs across the board.
The pair will have Japan on board a little later and levels to the downside may sees support around the mid point of the rally ahead of the 120.00 level. Bulls may wish to test the barriers of thinner holiday trade and put the 121 handle under pressure and target the 121.20 resistance ahead of this years highs at 121.90.
USD/JPY remains in the higher end of the 120 handle with a bid tone around the greenback post a US session that saw the US dollar break into new highs across the board.
The pair will have Japan on board a little later and levels to the downside may sees support around the mid point of the rally ahead of the 120.00 level. Bulls may wish to test the barriers of thinner holiday trade and put the 121 handle under pressure and target the 121.20 resistance ahead of this years highs at 121.90.