8 Aug 2013
USD/JPY scored a high of 96.48
FXstreet.com (Barcelona) - USD/JPY has scored a high of 96.48 pre US data but has since dropped back towards support 96.20 in the 96.30 region.
There is little data on the cards today which the market will pay much attention to in respect of USD/JPY other than the Initial Jobless Claims (July 27) that printed 333k vs 336k consensus and 328k previous. So far, the USD/JPY has strengthened over two big figures over the 2-day meeting, where BoJ left rates on hold as expected. The pair is steadily declining and currently prints in the 96.20 support territory. Overnight, the Nikkei was able to stage a modest 1% bounce following yesterday’s 4% slump, though the gain was entirely erased.
USD/JPY still eyes 96.20 support
USD/JPY is offered still on the London open. The pair has the 20 dma at 98.84, 50 dma at 98.50, and the 200 dma comes at 93.33. RSI (9) reads 32.56. Supports are ascending from 95.77, 96.00, and 96.20. Spot is currently trading 96.30. Resistances are 96.95, 97.34, 97.53 and 97.90.
There is little data on the cards today which the market will pay much attention to in respect of USD/JPY other than the Initial Jobless Claims (July 27) that printed 333k vs 336k consensus and 328k previous. So far, the USD/JPY has strengthened over two big figures over the 2-day meeting, where BoJ left rates on hold as expected. The pair is steadily declining and currently prints in the 96.20 support territory. Overnight, the Nikkei was able to stage a modest 1% bounce following yesterday’s 4% slump, though the gain was entirely erased.
USD/JPY still eyes 96.20 support
USD/JPY is offered still on the London open. The pair has the 20 dma at 98.84, 50 dma at 98.50, and the 200 dma comes at 93.33. RSI (9) reads 32.56. Supports are ascending from 95.77, 96.00, and 96.20. Spot is currently trading 96.30. Resistances are 96.95, 97.34, 97.53 and 97.90.