USDJPY / 29/12/2014 08:06:24 120,00 Level Is ImportantOn Friday’s Asian session, CPI, industrial production and retail sales data stay remained below expectedin Japan. With strenghtening upward trend, USDJPY pair held above 120,00 level with both data flow and Christmas return.
Technically; 120,00 level is important for USDJPY pair. If the pair continues to trade above 120,00 level, then 121,00 level would be watched as a resistancein short term. If the pair breaks 120,00 level downwards, then 119,20 support would be aimed. Pair’s upward trend keeps its strength.