FXStreet – The dollar is lower against the Japanese counterpart at the beginning of the week virtually unchanged, so that the USD/JPY sideways around 111,30 traded.
USD/JPY supported by 110,80
The Pair trades above the closing price from last Friday and here it is struggling for a direction, while the liquidity with the holidays, it is reduced in the USA and the UK.
In the meantime, the Couple was able to reverse part of the decline to the Low of the last week, but the rest of the 110,80 remains under 112,00 limited.
The speculative JPY nice Short positions in the week to 23. May on a new 2-week lows, as the latest CFTC Report shows.
Data await us in this week calendar calendar, tomorrow is the day, as well as the PCE data, and personal income/spending of the US calendar.
USD/JPY tested levels
Currently, the daily loss is -0,02% 111,33, 110,85 (Deep 26. May), 110,51 (61.8% Fibo of the 108,11-114,39) and 110,21 (Tief 18. May) and 110,12 (200-day SMA). Resistances can be found at 111,99 (38,2% Fibo of the 108,11-114,39), 112,12 (High 24. May) and 112,41 (20-day SMA).
** FXStreet News Editorial, FXStreet**