Markets

Dollar moving higher. Stocks bouncing and trades at highs for the day

USDJPY above 107.00...

The USDJPY has moved higher as stocks rebound and trade at highs for the day. Apple which threatened to jump off the ledge at the 92.00 level is trading back up to 92.34 -still down on the day but it is not close to jumping just yet. The S&P is up 0.29% and the Nasdaq is up about 0.24%.

The USDJPY is trading back above the 107.00 level after testing the underside of the broken trend line. The price closed above the 100 hour AM for the first time in the since the employment release and looks toward the 107.42 resistance area.

The EURUSD is making new session lows,and looks toward the low from yesterday at 1.1385. If the momentum lower can continue on a break of the 1.1385 level, the pair will look toward the 1.1367 level (61.8% and near the high and low from April 28 and April 29.

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


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

Other Topics

ForEx