28 May 2014
USD/JPY finding 102 a barrier on the open
FXStreet (Guatemala) - USD/JPY is trading at 101.95, down -0.02% on the day, having posted a daily high at 102.04 and low at 101.93.
USD/JPY had been boosted by the US data through the 102 handle to reach 102.14, a nine day high, but has since returned lower in Asian trading and 102 is acting as a resilient resistance line, tested a few times on the Nikkei opening higher. Meanwhile, BOJ Governor Kuroda is currently taking the spot light in Japan and speaking at the 2014 BOJ-IMES Conference “Monetary Policy in a Post-Financial Crisis Era” which is being hosted by the Institute for Monetary and Economic Studies, Bank of Japan and we are awaiting a number of comments to come through which traders will be ears to the ground for.
USD/JPY Levels
With spot trading at 101.96, we can see next resistance ahead at 101.98 (Daily Open), 101.98 (Weekly High), 101.99 (Hourly 20 EMA), 102.04 (Daily High) and 102.06 (Daily Classic R1). Support below can be found at 101.95 (Daily Classic PP), 101.93 (Daily Low), 101.88 (Daily 20 SMA), 101.82 (Daily Classic S1) and 101.82 (Hourly 100 SMA).
USD/JPY had been boosted by the US data through the 102 handle to reach 102.14, a nine day high, but has since returned lower in Asian trading and 102 is acting as a resilient resistance line, tested a few times on the Nikkei opening higher. Meanwhile, BOJ Governor Kuroda is currently taking the spot light in Japan and speaking at the 2014 BOJ-IMES Conference “Monetary Policy in a Post-Financial Crisis Era” which is being hosted by the Institute for Monetary and Economic Studies, Bank of Japan and we are awaiting a number of comments to come through which traders will be ears to the ground for.
USD/JPY Levels
With spot trading at 101.96, we can see next resistance ahead at 101.98 (Daily Open), 101.98 (Weekly High), 101.99 (Hourly 20 EMA), 102.04 (Daily High) and 102.06 (Daily Classic R1). Support below can be found at 101.95 (Daily Classic PP), 101.93 (Daily Low), 101.88 (Daily 20 SMA), 101.82 (Daily Classic S1) and 101.82 (Hourly 100 SMA).