The US dollar is under pressure. The US PPI data.

The US dollar fell sharply against the basket of currencies, after the published data on producer prices turned out to be below the forecasted values. See “Market News“. Based on this statistics, the pair USD/JPY fell sharply, after some recovery in the first half of Thursday trading and came close to the low of today’s trading at 111.30.

Technical analysis: The pair USD/JPY maintains a downtrend in the course of Thursday trading, which strengthened amid recent statements by the Bank of Japan on the reduction of monetary stimulus of the economy. At the moment, one should consider the main support levels at 111.00, 110.80; the resistance levels at 111.85, 112.10.

Fig. USD/CAD. The current price is $ 111.52.

Alexander Sivtsov