15 Jul 2014
USD/JPY jerked higher after BoJ
FXStreet (Moscow) - USD/JPY rushed form 101.59 to the Asian high of 101.63 after BoJ monetary policy decision, but then retraced to 101.60. Not much of a movement.
No change - old range
Just as it was expected currency players only yawned at BoJ monetary policy decision that was fully in line with forecasts. The forecasts were revised slightly lower, which caused the upside jerk of the pair. Generally, USD/JPY is still confined to the range, which confirms the view that the pair is now driven rather by global market sentiments than by the decisions (or their absence ) from the Japanese authorities.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.50, with support below at 101.36, 101.18 and 101.04 with resistance above at 101.68, 101.82, and 101.99. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.70 and the daily 20EMA at 101.72. Hourly RSI is bullish at 69.
No change - old range
Just as it was expected currency players only yawned at BoJ monetary policy decision that was fully in line with forecasts. The forecasts were revised slightly lower, which caused the upside jerk of the pair. Generally, USD/JPY is still confined to the range, which confirms the view that the pair is now driven rather by global market sentiments than by the decisions (or their absence ) from the Japanese authorities.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.50, with support below at 101.36, 101.18 and 101.04 with resistance above at 101.68, 101.82, and 101.99. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.70 and the daily 20EMA at 101.72. Hourly RSI is bullish at 69.