12 Dec 2013
USD/JPY attacking 103 handle
FXstreet.com (London) - USD/JPY has popped up to the 103 handle and broken the key resistance which has been containing the pair to 102 since Tuesday.
USD/JPY is higher on US data with Retail Sales beating expectations with 0.7% vs 0.6% although the run was limited on the jobless claims numbers disappointments. Strategists at BBH said, “The US dollar and yen are generally firm in what appears to be mostly a light bout of position squaring after a loss of downside momentum”.
USD/JPY Levels
The 20 DMA is 101.68, the 50 DMA is 99.56 and the 200 DMA is 98.68. RSI (14) reads 57.40. Supports are ascending from 101.55, 101.78, 101.99, 102.07, 102.63 and102.75. Spot is 102.92 with 103.06 the high and resisting while next resistance is 103.40 and 104.58.
USD/JPY is higher on US data with Retail Sales beating expectations with 0.7% vs 0.6% although the run was limited on the jobless claims numbers disappointments. Strategists at BBH said, “The US dollar and yen are generally firm in what appears to be mostly a light bout of position squaring after a loss of downside momentum”.
USD/JPY Levels
The 20 DMA is 101.68, the 50 DMA is 99.56 and the 200 DMA is 98.68. RSI (14) reads 57.40. Supports are ascending from 101.55, 101.78, 101.99, 102.07, 102.63 and102.75. Spot is 102.92 with 103.06 the high and resisting while next resistance is 103.40 and 104.58.