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Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar

Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross

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Forex: USD/JPY : Decline from 101.45 high extends below 97.00

FXstreet.com (Barcelona) ? The Dollar has weakened during Asian session breaking below the upward trending support line from Jan 21 low at 87.00; Decline from 101.45 high on Apr 06 has extended below 97.00, reaching a fresh two-weeks low at 97.88.At the moment the Dollar struggles to remain above 97.00 support level, in case of further decline next support levels could stand at 96.50/40 and then 95.90 (Mar 30 low).On the upside, the Dollar might find resistance at 97.60, and

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USD/JPY: The Dollar rises above 97.00 approaching day high

FXstreet.com (Barcelona) ? The Dollar has returned to the upside and reaches 97.00 hitting intra-day highs at 97.15, right below next resistance level at 97.25/40.Next resistance level lies at the mentioned 97.25/40 area, and above there 97.60/80, and above there 98.15/20. On the downside, next support comes at 96.20/35, and below there, 96.00 before April 28 low at 95.60.GBP/JPY bounce at 139.00 has broken resistance at 142.80/143.00 reaching to levels below 143.50. Next resistance levels come at 143.80 and 144.55;

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Forex: USD/JPY: Dollar testing 99.40 level

!--TITOL: h1Forex: USD/JPY: Dollar testing 99.40 levelFITITOL--FXstreet.com (Barcelona) ? The Dollar, after bouncing at 98.90 support ahead of the European session opening, has climbed higher to reach 99.40/45 resistance area although the pair does not seems to advance upwards on a strong pace.br /br /According to Carol Harmer, technical analyst at Charmer Charts, 99.40 is a key level on the upside: ?Nearby resistance is at 99.40/45. If buyers can take the market above here there is a good chance of

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Forex: USD/JPY: Dollar rangebound between 97.60 and 98.20/35

FXstreet.com (Barcelona) ? The Dollar has remained trading in a range between 97.60 support level and 98.20/35 resistance area. At the moment the Dollar trades few pips below 98.00.Immediate resistance level lie at 98.20/35 (intra-day high) and above there, 98.50 intra-day level, if the Dollar manages to hold above here, 98.95 (Apr 21 high) would come on sight. On the downside, support levels remain at 97.60 (Apr 22 low) and below here, 97.25 (Mar 31 low) and 96.65.According to

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Forex: USD/JPY: Dollar breaks below 95.95 support, at 5-week low

FXstreet.com (Barcelona) ? The Dollar continues losing ground against the Yen in the moments ahead of the Euroopean markets opening; USD/JPY as lost the 95.95 support zone and drops to levels at the 95.65/40 area. Below 95.65/40 (Mar 12 lows), next support level could lie at 94.15 (Mar 20 low) and if the Dollar gets below there, next could be 93.55 (Mar19 low). On the upside the Euro could find resistance at the 96.40/50 level and above here, 96.90 and

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Forex: USD/JPY: Dollar tests 95.10 resistance level

FXstreet.com (Barcelona) - Recovery from 94.25 low in Asian session has picked up strength on European session times and the Dollar has risen to test resistance level at 95.10, May 14 low.In case of a successful move above here, next resistance lie at 95.45 and then 95.80/90. On the downside, rejection from 95.10 could find support at 94.25(50% retracement of the Jan-Apr rally) and below there, 20 Mar low at 94.15 and 93.55 (Mar 19 low).GBP/JPY has found support

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Forex: USD/JPY: Dollar drops to 95.95 support level

FXstreet.com (Barcelona) ? The Dollar continues losing ground against the Yen and it has lost the 96.40/50 support level to test 95.95 (Mar 30 low) ahead of the European session opening.Below 95.95, the Dollar could find support at 95.65/40 (Mar 12 lows) and 94.15 (Mar 20 low). In case of a rebound at current levels, next resistance could come at previous support around 96.40/50, and above here, 96.90; once past these levels next resistance could lie at 97.60.EUR/JPY has also

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Forex: USD/JPY: Dollar drops to a fresh 2-month low at 93.85

FXstreet.com (Barcelona) - The Dollar continues weakening against the Yen and on Friday's Asian session, the pair fell below 94.00 to a fresh 2-months low at 93.85.At the moment the pait tries o reach above 94.25 resistance level.Resistance levels, above 94.25, lie at 94.55 (May 18 low) and above there, 95.10/25 (May 21 highs). Support levels lie at 93.85 and below there, 93.55 (Mar 19 low) and 93.00.EUR/JPY has remained moving in a range between 130.75 and 131.50 aiming to

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