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আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

USD/JPY breaks below 100-DMA

FXStreet (Mumbai) - The US dollar finally surrendered the 119.50 level and dived deeper in red versus the yen, knocking-off USD/JPY to fresh session lows, as renewed USD sell-off at Europe open as European traders digested weak US macro data released in US last session.

USD/JPY drops from 119.56

Currently, the USD/JPY pair trades lower by -0.30% at fresh session lows at 119.22, breaching 100-DMA. The USD/JPY pair extends losses for the second straight session falling back on 100-DMA support as the US dollar resumed its downtrend, snapping a brief recovery in Asia, dragged by dismal economic releases from the US yesterday.

The US dollar index which measures the relative strength of the greenback against a basket of six major currencies erased previous gains and fell to fresh session lows at 97.16, down -0.23% on the day.

Meanwhile, durable goods orders from the US are likely to attract traders as the key data may provide fresh take on dollar moves.

USD/JPY Technical Levels

To the upside, the next resistance is located at 120 (50-DMA) levels and above which it could extend gains 120.45 (April 7 High) levels. To the downside immediate support might be located at 119.14 (April 22 Low) below that at 118.77 (April 16 Low) levels.

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