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11 May 2015
USD/JPY dips remain a buy – AceTrader
FXStreet (Barcelona) - The AceTrader Team gives the key bid and offer levels for USD/JPY, and further views that buying dips of the pair remains suggested as investor sentiment turns positive towards the US growth story.
Key Quotes
“Looks like choppy sideways trading below 120.24 (pre non-farm high) would continue ahead of European open as focus is on the USD/majors. However, buying dlr on dips is recommended as the encouraging U.S. jobless claims and non-farm payroll last week are drawing the investors' attention back on U.S.'s growth rather than early rate hike from Fed.”
“At the moment, bids are noted at 119.55/50, 119.25/20 and then 119.10-00 with stops building up below 119.00.”
“On the upside, cross-related offers are reported at 119.90-00 and more at 120.25/30 with selling interest from exporters located at 120.40-50.”
Key Quotes
“Looks like choppy sideways trading below 120.24 (pre non-farm high) would continue ahead of European open as focus is on the USD/majors. However, buying dlr on dips is recommended as the encouraging U.S. jobless claims and non-farm payroll last week are drawing the investors' attention back on U.S.'s growth rather than early rate hike from Fed.”
“At the moment, bids are noted at 119.55/50, 119.25/20 and then 119.10-00 with stops building up below 119.00.”
“On the upside, cross-related offers are reported at 119.90-00 and more at 120.25/30 with selling interest from exporters located at 120.40-50.”