- The US Dollar continues to grind higher against the safe-haven Yen as markets stabilize after last week’s risk-off plunge on Turkey contagion fears.
- US-CHina trade war angst continues to bubble just beneath the surface; a resurgence of negative trade headlines could see market anxieties bid the JPY back up.
- Technical indicators are beginning to warn of overbought conditions for the Greenback just above the 111.00 handle.
Spot rate: | 111.22 |
Relative change: | 0.10% |
High: | 111.24 |
Low: | 111.10 |
Trend: | Bullish |
Support 1: | 111.00 (major technical level) |
Support 2: | 110.58 (previous day low) |
Support 3: | 110.10 (current week low) |
Resistance 1: | 111.36 (61.8% Fibo retracement level) |
Resistance 2: | 112.14 (two-week high) |
Resistance 3: | 112.44 (R3 weekly pivot) |