- USD/JPY extends the gains on the last trading day of the week.
- US Dollar Index remains strong above 93.00 on upbeat economic data.
- The yen slip on the backfoot on its slower vaccination program.
The appreciative move in the US dollar keeps, USD/JPY higher on Friday in the initial Asian trading hours. The pair continues to consolidate gains in a familiar trading range of 110.20 and 110.50.
At the time of writing, USD/JPY is trading at 110.43, up 0.03 % for the day.
The US Dollar Index, which tracks the performance of the greenback against its six major rivals, trades above 93.00 with 0.10% gains.
The US jobless data enhances the attractiveness of the greenback as it reflects the better labor market conditions but falls short to support the early tapering by the Fed. The US Initial Jobless Claims fell for a third straight week to 375k.
In the meantime, the Producer Price Inflation (PPI) rose by 1% in July, beating the market expectations.
On the other hand, the Japanese yen as investors assessed the impact of the slower vaccination program on the pace of economic recovery.
As for now, investors wait for the US Trade and Michigan Consumer Sentiment Index data to gauge the market sentiment.
USD/JPY additional levels
|Today last price||110.41|
|Today Daily Change||-0.01|
|Today Daily Change %||-0.01|
|Today daily open||110.42|
|Previous Daily High||110.8|
|Previous Daily Low||110.31|
|Previous Weekly High||110.36|
|Previous Weekly Low||108.72|
|Previous Monthly High||111.66|
|Previous Monthly Low||109.06|
|Daily Fibonacci 38.2%||110.5|
|Daily Fibonacci 61.8%||110.61|
|Daily Pivot Point S1||110.22|
|Daily Pivot Point S2||110.02|
|Daily Pivot Point S3||109.72|
|Daily Pivot Point R1||110.71|
|Daily Pivot Point R2||111|
|Daily Pivot Point R3||111.21|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.