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Forex: USD/JPY moves off Asia low to test Friday high at 78.46

By FXstreet.com,  September 17, 2012, 06:28:00 AM EDT

FXstreet.com (Barcelona) - USD/JPY has climbed throughout the European session to confirm Friday's high of 78.46 before facing resistance.

Today's economic calendar is fairly sparse but soft EU Current account Trade Balance figures contributed to some risk off strengthening for the pair. Analysts at Forex Ticket feel that price will continue to trade between 78.45 and 78.15 over the short term horizon with extended levels of support and resistance at 78.75 and 77.85. With the European Economic calendar over for the day, US Empire Manufacturing remains the final item of significance on the daily agenda at 12:30.

European Equities remain down on the session alongside commodities. US futures are lower whilst critical yields remain up but stable.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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