8 Aug 2013
USD/JPY is sitting above 96.20 support
FXstreet.com (London) - USD/JPY is lower post BoJ and is sitting along the 96.20 support.
USD/JPY has strengthened over two big figures over the 2-day meeting, steadily declining from 98.60 to bounce at 96.40 to then double top at 96.80. The pair currently print in the 96.20 territory. Overnight, the Nikkei was able to stage a modest 1% bounce following yesterday’s 4% slump, though the gain has been entirely erased now. There is little data on the cards today although we do some US data that will come in the afternoon and in the form of Initial Jobless Claims (July 27).
USD/JPY eyes 96.20 support
USD/JPY is offered still on the London open. The pair has the 20 dma at 98.84, 50 dma at 98.50, and the 200 dma comes at 93.33. RSI (9) reads 32.56. Supports are ascending from 95.77, 96.00, and 96.20. Spot is currently trading 96.30 . Resistances are 96.95, 97.34, 97.53 and 97.90.
USD/JPY has strengthened over two big figures over the 2-day meeting, steadily declining from 98.60 to bounce at 96.40 to then double top at 96.80. The pair currently print in the 96.20 territory. Overnight, the Nikkei was able to stage a modest 1% bounce following yesterday’s 4% slump, though the gain has been entirely erased now. There is little data on the cards today although we do some US data that will come in the afternoon and in the form of Initial Jobless Claims (July 27).
USD/JPY eyes 96.20 support
USD/JPY is offered still on the London open. The pair has the 20 dma at 98.84, 50 dma at 98.50, and the 200 dma comes at 93.33. RSI (9) reads 32.56. Supports are ascending from 95.77, 96.00, and 96.20. Spot is currently trading 96.30 . Resistances are 96.95, 97.34, 97.53 and 97.90.