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 is seen consolidating versus the Japanese counterpart, keeping USD/JPY capped below 119 barrier, largely on the back of a muted US dollar across the board recouping losses suffered after the latest below estimates US durable goods orders data released on Friday.
USD/JPY forms a doji candle
Currently, the USD/JPY pair trades modestly flat at 118.90, having bounced-off 119 handle. The USD/JPY pair trades directionless with a small doji candle formed in the daily chart, which indicates that the pair awaits fresh incentives amid a data-thin day ahead.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies turns positive and now trades at fresh session of 97.19, up 0.10% on the day.
Meanwhile, markets now turn their focus towards Wednesday’s FOMC statement as the NA Calendar remains relatively light at the start of the week.
USD/JPY Technical Levels
To the upside, the next resistance is located at 119.45 (April 20 High) levels and above which it could extend gains 120.76 (April 15 High) levels. To the downside immediate support might be located at 118.51 (April 20 Low) below that at 118.30 (March 26 Low) levels.