USD/JPY holds on to Win

FXStreet – After mixed US economic data increased the USD/JPY to a new daily high at 111,70. However, the high level could not be maintained, because the meeting of the UN security Council regarding the Situation in the North moved to Korea in focus. The Couple listed recently on 111,45 and to 0.15 percent in the Plus.

The foreign Minister, Rex Tillerson said that the Situation with North Korea have reached a very dangerous level, and stressed that the danger of a North Korean attack on South Korea and Japan is real. US President, Donald Trump also sees the danger of an escalation on the Korean Peninsula. “There is the possibility that we have at the end of a major, major conflict with North Korea,” Trump said in an exclusive interview to the Reuters news Agency in Washington. Nevertheless, he is seeking in a dispute with the North Korean nuclear program, a diplomatic solution.

In spite of the fluctuations in the New York trading the currency pair is listed in its for the last three days of the current trading range between 111 and 111,80. Mixed economic data from the United States, had the US Dollar Index today also supported. Nevertheless, the rate of barometer is listed still under the psychologically important 99 points.

Technical Outlook

The next Resistances are at 112,00 (psychological mark), 112,70 (100-day line) and 113,50 (High-17. March). Backups are, however, at 111 (on the lower end of the sideways range), 110,35 (Deep 05. To find April) and 110 (psychological level / 200-day line).

** FXStreet News Editorial, FXStreet**

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