ہم صرف ایک بروکر نہیں ہیں۔ ہم ایک جامع ٹریڈنگ ایکوسسٹم ہیں—ہر چیز جو آپ کو تجزیے، ٹریڈ اور ترقی کے لیے درکار ہو، ایک ہی جگہ پر ہے۔ کیا آپ اپنی ٹریڈنگ کو بلند کرنے کے لیے تیار ہیں؟
FXStreet (Mumbai) - The US dollar recovered from lows against the Japanese counterpart in the mid-European session, with USD/JPY largely pressured on the broad US dollar weakness as traders prefer to remain on the side lines ahead of the crucial US macro data due later today.
USD/JPY rises from 118.73
Currently, the USD/JPY pair trades lower by -0.19% at 118.82 levels, having posted fresh three day lows at 118.73 couple of hours ago. The USD/JPY pair extends its losing streak largely as the longer duration and shorter duration yields on the US treasuries continue to decline after a brief recovery seen in Asia, dragging the greenback lower.
On Wednesday, USD/JPY bounced-off 119.50 levels and dropped below 119 handle following a tepid batch of US figures including US housing starts, building permits and unemployment claims data , undermined the dollar's performance.
Meanwhile, in the day ahead, all eyes are set on US CPI figures and consumer sentiment data as well for fresh cues.
USD/JPY Technical Levels
To the upside, the next resistance is located at 119.49 (April 16 High) levels and above which it could extend gains 119.76 (April 15 High) levels. To the downside immediate support might be located at 118.73 (Today’s Low) below that at 118.50 levels.