USD JPY waiting for fresh motivation
2/14/2017 5:06:59 PM
USD versus JPY appears trading around a smooth-line up to now, narrowed in a 2/8-pips slight range, with markets waiting for fresh motivation for the next push higher.
The spot is back on the offers, got near 5-DMA at 113.58, as the dollar expands its corrective mode after the latest power driven by Trump’s tax cut talks and peaceful Trump-Abe Summit.
The major finds immediate persistence at 114.19. A break above the last, the major could test 114.48 and 115.17 beyond the last. While to the weakness, the immediate support is seen at 113.35 next at 113.03 and below that at 112.46.
FOREX market analysis by FxErvin.