25 Apr 2014
USD/JPY moves down to 102.20
FXStreet (Moscow) - USD/JPY is trading in the middle of weekly range around 102.30 area sliding to 102.20 at the moment.
Slavyansk is in focus
The pair has been sitting in rather tight range for more than a week, as the BOJ doesn’t show any desire to expand the monetary stimulus, and US data gives mixed signals mostly ignored by the market. Yesterday Initial Jobless Claims disappointment was offset by better than expected Durable Goods Orders. Today the USA publishes only Revised UoM Consumer Sentiment that may hardly trigger any moves in the currency market, thus, we expect the developments in Ukrainian Slavyansk to be the key market mover. Risk aversion is on the table with initial target for the pair at 102.04 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.35, with support below at 102.04, 101.77 and 101.46 with resistance above at 102.63, 102.93, and 103.21. Hourly Moving Averages are mostly bearish, with the 200SMA at 102.30 and the daily 20EMA at 102.40. Hourly RSI is bearish at 47.
Slavyansk is in focus
The pair has been sitting in rather tight range for more than a week, as the BOJ doesn’t show any desire to expand the monetary stimulus, and US data gives mixed signals mostly ignored by the market. Yesterday Initial Jobless Claims disappointment was offset by better than expected Durable Goods Orders. Today the USA publishes only Revised UoM Consumer Sentiment that may hardly trigger any moves in the currency market, thus, we expect the developments in Ukrainian Slavyansk to be the key market mover. Risk aversion is on the table with initial target for the pair at 102.04 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.35, with support below at 102.04, 101.77 and 101.46 with resistance above at 102.63, 102.93, and 103.21. Hourly Moving Averages are mostly bearish, with the 200SMA at 102.30 and the daily 20EMA at 102.40. Hourly RSI is bearish at 47.