USD/JPY spiraling around 108.35 in indecisive Friday markets

  • Pacific-Asia markets keeping USD/JPY stuck in place.
  • US CPI could spark Dollar moves to cap off the week.

USD/JPY continues to cycle in the midrange between 108.00 and 109.00, currently testing 108.35 as easy-flowing Pacific markets await meaningful data from the upcoming EU and US market sessions to close out the trading week.

The Dollar-Yen pairing finds itself trading into levels that started the week, and although the Greenback has been showing weakness across the broader fx marketspace, USD/JPY continues to grind out sideways.

Japanese data has been thin this week, with Yen traders remaining cautious amidst geopolitical tensions through the Asian sector, but Friday delivers a key USD driver late in the day at 13:30 GMT, when US Core CPI drops on markets (forecast 2.2%, last 2.2%), and with the US Fed taking a notably dovish stance this week, investors will be keeping a close eye on US inflation data which could push the Federal Reserve off of interest rate hikes for 2019.

USD/JPY Technical Levels


    Today Last Price: 108.39
    Today Daily change: -9.0 pips
    Today Daily change %: -0.0830%
    Today Daily Open: 108.48
    Previous Daily SMA20: 110.27
    Previous Daily SMA50: 112.09
    Previous Daily SMA100: 112.2
    Previous Daily SMA200: 111.13
    Previous Daily High: 108.5
    Previous Daily Low: 107.77
    Previous Weekly High: 110.48
    Previous Weekly Low: 104.75
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 108.22
    Previous Daily Fibonacci 61.8%: 108.05
    Previous Daily Pivot Point S1: 108
    Previous Daily Pivot Point S2: 107.52
    Previous Daily Pivot Point S3: 107.28
    Previous Daily Pivot Point R1: 108.73
    Previous Daily Pivot Point R2: 108.97
    Previous Daily Pivot Point R3: 109.45


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