USD/JPY recovers further as US equities stabilize and despite a retreat in US yields. Deposit trimming losses against JPY, US Dollar retreated against most of its rivals during the US session. The USD/JPY pair bottomed earlier at 109.53, the lowest level since June 8. Afterward managed to move off lows and recently rose back above 110.00. The pair reached 110.07 and it was hovering around 110.00, still down for the day but far from the lows. The greenback managed to recover versus the yen but lost momentum against other rivals. A minor improvement in the risk appetite removed strength out of the US Dollar. Also, lower US yields contributed to weaken the demand for the US dollar. Earlier today, US data came in mixed. Housing starts jumped in May 5.0% (above the 1.4% expected) but the data was offset by the 4.6% decline in building permits (vs -1.4%). The data had no relevant impact. Market participants keep its focus on speeches coming from the ECB forum in Portugal and the decision on tariffs from the White House. Technical levels To the upside, resistance levels might be located at 110.05, 110.35 (Jun 18 low) and 110.55/60 (Jun 19 high). On the flip side, support levels could be seen at 109.90, 109.50/55 (Jun 19 low) and 109.25. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Housing Starts reach new cycle high but Building Permits fell – Wells Fargo FX Street 3 years USD/JPY recovers further as US equities stabilize and despite a retreat in US yields. Deposit trimming losses against JPY, US Dollar retreated against most of its rivals during the US session. The USD/JPY pair bottomed earlier at 109.53, the lowest level since June 8. Afterward managed to move off lows and recently rose back above 110.00. The pair reached 110.07 and it was hovering around 110.00, still down for the day but far from the lows. The greenback managed to recover versus the yen but lost momentum against other rivals. A minor improvement in the risk appetite removed… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
