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USD/JPY: Popping in Tokyo, but risk prevail and limit upside


Tuesday, 15 January 2019 08:28 WIB

USDUSD/JPY,JPY,


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USD/JPY is attempting the upside following a sell-off overnight and at the start of the week and the day prior, falling from the 108.50s as investors scrambled to the fae havens.

Meanwhile, for the week ahead, the week ahead is jam-packed of event risks. We not only have a number of Fed speakers but the Brexit vote is coming up today which is bound to offer volatility. We also have US retail sales, industrial production, new home sales, housing starts, factory orders and regional PMI data for January this week.

USD/JPY levels

Support levels: 107.90 107.55 107.20     

Resistance levels: 108.35 108.65 109.05

Source : Fxstreet


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