USD/JPY BOUNCES-OFF A DIP TO 100-DMA

To add comments, please log in or register
forextips
156
forextips  

The USD/JPY pair reversed a spike to daily highs at 112.34, although managed to hold above 100-DMA support located at 112.03, as the yen lost footing amid renewed worries over the outcome of Japan-US Summit scheduled tomorrow in Washington.

Meanwhile, broad based US dollar strength also collaborates to the latest leg higher in USD/JPY.  The spot was last seen exchanging hands at 112.19, up +0211% on the day, and looks to regain 112.50 barriers.

Current exchange rate of USD/JPY is 112.28.

Our Latest Recommendation:

Buy as USD/JPY pair is going up in Forex Market.

Stay updated with forex trading tipsforex signals and forex tips to gain profit.

To add comments, please log in or register