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19 Mar 2014
USD/JPY consolidates around the opening level of 101.38
FXStreet (Moscow) - USD/JPY sellers bumped into fresh demand at 101.30; the pair returned to the opening levels of 101.38
USD/JPY can’t decide where to go
USD/JPY came close to 102.00 on Tuesday, but made a U-turn and finished the day deeply in red at 101.40. The Japanese currency has been rather volatile recently, but the short-term trend visible on hourly and 4h charts points to the South. It seems that the global investors are somewhat bewildered about current risk profile of the EM, and US Dollar is not considered to be safe. Japanese trade balance data published earlier today failed both to live up to expectations, and to stir meaningful market reaction. Maybe BOJ Governor Haruhiko Kuroda will say something inspiring? The key levels to watch: 101.57 (1h 50 EMA) on the upside. Once broken, 101.70 will come into sight. The downside is likely to be limited by 101.00.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.56, with support below at 101.16, 100.87 and 100.47, with resistance above at 101.84, 102.24, and 102.53. Hourly Moving Averages are bearish, with the 200SMA at 102.45 and the daily 20EMA at 102.24. Hourly RSI is neutral at 41.
USD/JPY can’t decide where to go
USD/JPY came close to 102.00 on Tuesday, but made a U-turn and finished the day deeply in red at 101.40. The Japanese currency has been rather volatile recently, but the short-term trend visible on hourly and 4h charts points to the South. It seems that the global investors are somewhat bewildered about current risk profile of the EM, and US Dollar is not considered to be safe. Japanese trade balance data published earlier today failed both to live up to expectations, and to stir meaningful market reaction. Maybe BOJ Governor Haruhiko Kuroda will say something inspiring? The key levels to watch: 101.57 (1h 50 EMA) on the upside. Once broken, 101.70 will come into sight. The downside is likely to be limited by 101.00.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.56, with support below at 101.16, 100.87 and 100.47, with resistance above at 101.84, 102.24, and 102.53. Hourly Moving Averages are bearish, with the 200SMA at 102.45 and the daily 20EMA at 102.24. Hourly RSI is neutral at 41.