18 Jul 2014
USD/JPY moving away from daily lows
FXStreet (Guatemala) - USD/JPY is trading at 101.21, up 0.03% on the day, having posted a daily high at 101.25 and low at 101.09.
USD/JPY has moved up and away from the daily low and is treading some ground in 101.20 zone. We have the Nikkei open and at the same time we are digesting the BoJ minutes where we note that the BoJ are keeping to the QE programme fr as long as necessary while most members are agreed that the impact is firmly on track. The JPY is strong based upon the risk aversion that has taken place in the markets around the Ukraine / Malaysia plane tragedy and uncertainty around that coupled with the increase of intensity with Israel invading Gaza.
USD/JPY hourly levels
With spot trading at 101.21, we can see next resistance ahead at 101.25 (Daily High), 101.37 (Hourly 20 EMA) and 101.52 (Daily Classic S2). Support below can be found at 101.18 (Monthly Low), 101.18 and 101.09 (Daily Low).
USD/JPY has moved up and away from the daily low and is treading some ground in 101.20 zone. We have the Nikkei open and at the same time we are digesting the BoJ minutes where we note that the BoJ are keeping to the QE programme fr as long as necessary while most members are agreed that the impact is firmly on track. The JPY is strong based upon the risk aversion that has taken place in the markets around the Ukraine / Malaysia plane tragedy and uncertainty around that coupled with the increase of intensity with Israel invading Gaza.
USD/JPY hourly levels
With spot trading at 101.21, we can see next resistance ahead at 101.25 (Daily High), 101.37 (Hourly 20 EMA) and 101.52 (Daily Classic S2). Support below can be found at 101.18 (Monthly Low), 101.18 and 101.09 (Daily Low).