USD/JPY pulls back from six-day highs below 130.00

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  • USD/JPY returns to negative territory following the rally following the US data.
  • The US S&P Global PMI recovers in January, although it remains below 50.
  • The US dollar weakens during the American session amid risk appetite.

The USD/JPY it rallied to 131.21, following the release of US economic data, but then eased back towards 130.00 as values ​​turned positive on Wall Street. The improvement in risk sentiment weighed on the US dollar.

Data released on Tuesday showed the S&P global manufacturing PMI rose in January from 46.2 to 46.8, above the market consensus of 46.1. The services index rose from 44.7 to 46.6, beating expectations of 44.5. Immediately after the release, the dollar hit highs but then pulled back.

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On Wall Street, after a negative opening, the main indices remain flat. Risk appetite and falling US yields pushed USD/JPY lower. The pair is testing levels below 130.00, looking at the daily low that it marked in Asian time at 129.72.

Again, the 20-Day Simple Moving Average, currently at 130.90, capped the upside. The main trend is down, although in the short term the dollar is correcting upwards. Still unable to hold above 131.00. If he succeeds, a deeper recovery seems likely.

technical levels


Last price today 130.35
Today Change Daily -0.34
today’s daily variation -0.26
today’s daily opening 130.69
daily SMA20 131.01
daily SMA50 134.62
daily SMA100 139.99
daily SMA200 136.73
previous daily high 130.89
previous daily low 129.04
Previous Weekly High 131.58
previous weekly low 127.22
Previous Monthly High 138.18
Previous monthly minimum 130.57
Fibonacci daily 38.2 130.19
Fibonacci 61.8% daily 129.75
Daily Pivot Point S1 129.53
Daily Pivot Point S2 128.36
Daily Pivot Point S3 127.68
Daily Pivot Point R1 131.37
Daily Pivot Point R2 132.06
Daily Pivot Point R3 133.22
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Source: Fx Street

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