9 Aug 2013
USD/JPY hammered below 97.00
FXstreet.com (Barcelona) - The USD/JPY foreign exchange rate is last trading at 96.59 fresh session lows following a significant sell-off in early Tokyo trade ahead of China CPI figures at 01:30 GMT.
USD/JPY hammered as Nikkei dips into negative
The pair has been hammered with no mercy once it tried to touch the 97 handle, yesterday's highs, which might be related to some options position protection, while Nikkei index was losing at the same time around 200 points from day highs above the 13700 points to current 13550, down -0.2% from above +0.5%.
USD/JPY key technical levels
Immediate support to the downside for USD/JPY lies at recent session lows/late London session highs 96.52, followed by Wednesday's lows at 96.29, while closest resistance to the upside shows at Wednesday's London session lows 96.76, followed by recent session/yesterday's highs at 97.00.
USD/JPY hammered as Nikkei dips into negative
The pair has been hammered with no mercy once it tried to touch the 97 handle, yesterday's highs, which might be related to some options position protection, while Nikkei index was losing at the same time around 200 points from day highs above the 13700 points to current 13550, down -0.2% from above +0.5%.
USD/JPY key technical levels
Immediate support to the downside for USD/JPY lies at recent session lows/late London session highs 96.52, followed by Wednesday's lows at 96.29, while closest resistance to the upside shows at Wednesday's London session lows 96.76, followed by recent session/yesterday's highs at 97.00.