The dollar is up, despite a generally better market’s mood, with USD/JPY trading just below the 105.00 threshold. The pair could extend its advance once beyond 104.95, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Japan released the January Jibun Bank Manufacturing PMI, which came in at 49.8, slightly better than the previous 49.7 estimate. Later in the day, Markit will publish the final reading of its US January Manufacturing PMI, foreseen unchanged from the preliminary estimate at 59.1. The country will also publish the official ISM Manufacturing PMI, foreseen at 60 from 60.7 in the previous month.” “The USD/JPY pair is trading far above its moving averages, with the 20 SMA heading north almost vertically. Technical indicators lack directional strength, but stand well into positive levels, with the RSI around 72. Another bullish run should be expected on a break above the 104.95 resistance level.” 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 USD/CHF Price Analysis: Bulls remain in control near two-month tops, above mid-0.8900s FX Street 1 year The dollar is up, despite a generally better market’s mood, with USD/JPY trading just below the 105.00 threshold. The pair could extend its advance once beyond 104.95, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Japan released the January Jibun Bank Manufacturing PMI, which came in at 49.8, slightly better than the previous 49.7 estimate. Later in the day, Markit will publish the final reading of its US January Manufacturing PMI, foreseen unchanged from the preliminary estimate at 59.1. The country will also publish the official ISM Manufacturing PMI, foreseen at 60 from 60.7 in the previous month.” “The… Regulated 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.
