USDJPY (and JPY crosses) moving higher.

    Shutterstock photo

    USDJPY flirting with 114.00

    • USDJPY is trading near the 114.00 level and the highest level since March 15 (high was 114.10 at that time.  The other March highs come in at 114.44 and 114.54. They are the next targets on a break of 114.10. 
    • AUDUSD and NZDUSD trading at new lows.  The AUDUSD fell below the 200 hour MA at 0.7416 and ran lower. 
    • The GBPUSD flirts with NY 1.2500 (NY session highs). 
    • The GBPJPY has taken out the November highs and is now trading at the highest level since July 15th.. The high on that day extended to 143.21.
    • As for that buying in the EURUSD at the fixing, the pair is following the dollar higher instead and trades at new session lows....grrrrrr to the "chatter".

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

    This article appears in: Investing , Forex

    More from ForexLive




    Follow on: