Forex: USD/JPY capped below 82.50

FXstreet.com (Barcelona) - With PMI China manufacturing this Saturday showing a fourth consecutive increase in the data at 50.6, USDJPY is about flat since Friday's closing weekly price at 82.46. The PMI data is a positive one, although slightly below market's expectation. Japan capital spending data just released showed a fourth consecutive month in the positive, although coming at 2.2% upsets market expectations of +3.7% and above, and below previous at 7.7%. Nikkei index opens still below the 9500 points mark, but higher by +0.41%.

As Valeria Bednarik, Chief Analyst at Fxstreet.com points out: "The USDJPY hourly chart, favors the downside, with indicators heading north below their midlines, yet price holding above 100 and 200 SMA, both around 82.20 and immediate support area," the analyst says, adding: "Below this last, the fall may extend towards 81.50, 61.8% of the year fall. If this last gives up, the 80.80 level comes at sight for this week."

Support levels are located by Valeria at: 82.20, 81.80 and 81.50, while resistance levels are seen at: 82.60, 82.85 and 83.10.