16 Jun 2014
USD/JPY is a quiet start to the week around 102 handle
FXStreet (Guatemala) - USD/JPY is trading at 101.96, down -0.05% on the day, having posted a daily high at 102.11 and low at 101.93.
USD/JPY is working within a tight range while the Nikkei opened down 0.32%. We might see some favourism towards the JPY if risk off markets kick in on the back of on going tensions in Iraq and the latest development being reports of Baghdag airport under attack and the US embassy evacuating. Meanwhile, Val Bednarik, Chief analyst at FXStreet suggests steady gains above 102.35 are required to confirm some further gains, looking then for a max of 102.80 at the moment.
USD/JPY Levels
Spot is presently trading at 101.98, and next resistance can be seen at 102.06 (Daily Open), 102.10 (Weekly Classic PP), 102.11 (Daily 20 SMA), (Daily High) and 102.12 (Hourly 100 SMA). Support below can be found at 101.97 (Hourly 20 EMA), 101.94 (Daily Classic PP), 101.93 (Daily Low), 101.74 (Daily Classic S1) and 101.70 (Weekly Low).
USD/JPY is working within a tight range while the Nikkei opened down 0.32%. We might see some favourism towards the JPY if risk off markets kick in on the back of on going tensions in Iraq and the latest development being reports of Baghdag airport under attack and the US embassy evacuating. Meanwhile, Val Bednarik, Chief analyst at FXStreet suggests steady gains above 102.35 are required to confirm some further gains, looking then for a max of 102.80 at the moment.
USD/JPY Levels
Spot is presently trading at 101.98, and next resistance can be seen at 102.06 (Daily Open), 102.10 (Weekly Classic PP), 102.11 (Daily 20 SMA), (Daily High) and 102.12 (Hourly 100 SMA). Support below can be found at 101.97 (Hourly 20 EMA), 101.94 (Daily Classic PP), 101.93 (Daily Low), 101.74 (Daily Classic S1) and 101.70 (Weekly Low).