USD/JPY reacts to US news

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7.

USD/JPY reacted to the news by declining to the support zone at 156.00/156.25. By mid-day, the range had held and the declined appeared to be over.

The recovery of the US Dollar against the Japanese Yen is set to face resistance in the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near 157.00/157.10. Higher above, ntoe the resistance of the 157.50 level and the 157.70 level.

In the meantime, a potential decline below 156.00 could result in the pair looking for support in the weekly S2 simple pivot poin at 155.78 and the weekly S3 at 155.19. If these levels fail, the rate will look for support in the 155.00 mark.
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Mon, 03 Jun 2024 15:03:04 GMT

Gold recovers due to US data

The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. Markets expected the PMI to be at 49.8, but the actual reading is 48.7. US Dollar index reacted to the news by dropping 0.18% and extending a prior decline. On the gold price charts it caused a recovery that

Mon, 03 Jun 2024 14:25:36 GMT

GBP/USD has support from 1.2700

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