USD/JPY trades around 135.00

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Source: Dukascopy Bank SA


This week, the USD/JPY pair is trading around 135.00, as it awaits the release of the US Consumer Price Index on Wednesday and the Producers Price Index on Thursday. Resistance is found in a zone at 135.50 and support is provided by the 134.50 level.

A surge of the USD against the Japanese Yen would have to pass the 135.50 level, prior to approaching the resistance of the 136.00 and 136.50 levels.

On the other hand, a decline of the pair below the 50-hour simple moving average and the 134.50 mark might look for support in the 100-hour simple moving average and the 134.00 level. Further below, note the 200-hour simple moving average, the weekly simple pivot point at 133.62 and the 133.50 level.
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