FXStreet — The Greenback has extended its losses significantly. The currency pair USD/JPY tested last Multi-day lows around 113,20.
The currency pair suffered shipwreck, after both U.S. retail sales and U.S. consumer price data disappointed by report month of April.
The US yields have gone on diving station. In fact, the yield on 10-year US government bonds is currently testing the lows at 2.33 percent.
Positive data on consumer confidence from the University of Michigan, in contrast, were down — to the negative market sentiment could change but nothing more.
The Fed chief from Chicago, Charles Evans, suggested in his speech today, in addition to a more neutral tone. He explained that his interest rate was increasing, the inflation Outlook remains uncertain. The fiscal policy mountains, however, upside risks to the domestic economy.
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The Couple listed recently on 113,27 and, therefore, from 0.53 percent in the Minus. Supports now lie at 113,02 (100-day line), 112,91 (Fibo 23.6%) and 111,99 (38,2% Fibo). On the top of the High from the 12 define. May 113,95, as well as the High from the 11. May 114,39 and the High of the 10. March 115,51 the next Resistances.
** FXStreet News Editorial, FXStreet**
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