26 Sep 2013
The USD/JPY extends decline to 98.80
FXstreet.com (San Francisco) - The USD/JPY wasn't unable to hold levels above the 99.00 area and following a 30 pips decline from 99.10, the Dollar is currently it is trading down to 99.80 against the Japanese Yen.
Early in the day, a round of upbeat economic data fueled the pair to intra-day highs at 99.15, but as ForexLive's analyst Adam Button said in a recent news, there are "no appetite for USD/JPY above 99.00." Buttom comments that "one thing USD/JPY could have working for it is a large $800m option tomorrow at 99.50. It would probably take some positive smoke signals from Congress on the budget to get their."
Currently, the US Dollar to Yen exchange rate is at 98.77, 0.36% positive on the day. The short term perspective is neutral according to the FXstreet.com Trend Index in the 1-hour chart. MACD and CCI are bullish while the Momentum is bearish and the Stochastic is neutral.
USD/JPY Levels
The USD/JPY would face supports at 98.75, 98.50 and 98.25. On the upside, resistances are at 99.00, 99.15 and 99.25.
Early in the day, a round of upbeat economic data fueled the pair to intra-day highs at 99.15, but as ForexLive's analyst Adam Button said in a recent news, there are "no appetite for USD/JPY above 99.00." Buttom comments that "one thing USD/JPY could have working for it is a large $800m option tomorrow at 99.50. It would probably take some positive smoke signals from Congress on the budget to get their."
Currently, the US Dollar to Yen exchange rate is at 98.77, 0.36% positive on the day. The short term perspective is neutral according to the FXstreet.com Trend Index in the 1-hour chart. MACD and CCI are bullish while the Momentum is bearish and the Stochastic is neutral.
USD/JPY Levels
The USD/JPY would face supports at 98.75, 98.50 and 98.25. On the upside, resistances are at 99.00, 99.15 and 99.25.