2 Sep 2013
USD/JPY holding in 99.30
FXstreet.com (London) - USD/JPY is holding in the 99.00 handle having gapped in the charts to reach a high of 99.44 from 98.20 territory over night on the open.
USD/JPY has been supported from a reduction in Syria tensions while the main event for this week will be the US payrolls with 100k being the key threshold. The number could well set the tone for the next couple of months as market traders return to their desks and anticipate the Feds next move, based around such influential data releases.
USD/JPY sidelined
USD/JPY has been a quiet play after reaching the 3 month down trend at 99.24. The 20 DMA 97.65, 50 DMA 98.68, 200 DMA 94.69. RSI (14) 67.5. Supports are ascending from 98.58 98.75 98.84 99.15. Spot reads 99.30. Resistance are 99.50 with eyes towards the 100.00 psychological handle and the 101.50 June high in focus
USD/JPY has been supported from a reduction in Syria tensions while the main event for this week will be the US payrolls with 100k being the key threshold. The number could well set the tone for the next couple of months as market traders return to their desks and anticipate the Feds next move, based around such influential data releases.
USD/JPY sidelined
USD/JPY has been a quiet play after reaching the 3 month down trend at 99.24. The 20 DMA 97.65, 50 DMA 98.68, 200 DMA 94.69. RSI (14) 67.5. Supports are ascending from 98.58 98.75 98.84 99.15. Spot reads 99.30. Resistance are 99.50 with eyes towards the 100.00 psychological handle and the 101.50 June high in focus