- The dollar weak before the American session.
- USD / JPY in negative after having marked highs in a year.
The USD / JPY is falling on Thursday ahead of US data and after rising to 111.11, the highest level since March last year. The price has just marked a minimum at 110.72.
The decline in USD / JPY occurs in a context of moderate dollar weakness. The DXY falls 0.10% below 91.70. The bond market remains relatively calm, with the 10-year rate below 1.50%. Wall Street futures point to a positive open.
Important US data will be released in minutes, with the weekly unemployment benefit orders report, along with the third reading of first quarter GDP growth and the durable goods orders report. These figures can generate noise.
The USD / JPY tops the data, falling after two days with rises. The dollar is having a hard time sustaining above 111.00, but even so, if there is a setback, the uptrend will also remain in force and with time. Strong support below 110.70 appears at 110.30 / 35, followed by 110.00 / 109.95 (horizontal level and 20-day moving average).
Technical levels
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