20 Nov 2013
USD/JPY is oscillating on 100.00, moderately bid
FXstreet.com (London) - USD/JPY is oscillating on 100.00 over the minutes of the FOMC.
USD/JPY has risen as the minutes revealed an expanding economy in the US with improvements on the labour market, and with tapering back in focus for the forthcoming months the markets are in on the dollar on a knee jerk reaction.
USD/JPY Levels
The 20 DMA is 98.74, the 50 DMA is 98.50 and 200 DMA is 97.97. RSI (14) reads 58.84. Supports are ascending from 99.10, 99.37, 99.45 and 99.93. Spot is 100.10 while resistances are 100.26, 100.43, 100.62 and 101.05.
USD/JPY has risen as the minutes revealed an expanding economy in the US with improvements on the labour market, and with tapering back in focus for the forthcoming months the markets are in on the dollar on a knee jerk reaction.
USD/JPY Levels
The 20 DMA is 98.74, the 50 DMA is 98.50 and 200 DMA is 97.97. RSI (14) reads 58.84. Supports are ascending from 99.10, 99.37, 99.45 and 99.93. Spot is 100.10 while resistances are 100.26, 100.43, 100.62 and 101.05.