Forex: USD/JPY consolidates gains above 89.00
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USD/JPY
FXstreet.com (Córdoba) - The dollar resumed the upside against the yen on Thursday after Japan's economic minister Amari clarifications weighed on the JPY. Amari said his recent comments on the negative impact of yen weakness had been misinterpreted.
USDJPY has climbed over 130 pips from Asian session lows and continues to approach its 2 ½-year high of scored at the beginning of the week at 89.65. Having hit a high of 89.47 in recent dealings, USDJPY is currently trading at the 89.30 zone, recording a 1.0% daily gain.
As for technical levels, immediate resistances are seen at 89.50 (intraday high), followed by 89.65 (Jan 14 high) and 90.00 (psychological level). On the other hand, supports could be found at 88.90 (100-hour SMA), 88.30 (200-hour SMA) and 88.12 (intraday low).
USDJPY has climbed over 130 pips from Asian session lows and continues to approach its 2 ½-year high of scored at the beginning of the week at 89.65. Having hit a high of 89.47 in recent dealings, USDJPY is currently trading at the 89.30 zone, recording a 1.0% daily gain.
As for technical levels, immediate resistances are seen at 89.50 (intraday high), followed by 89.65 (Jan 14 high) and 90.00 (psychological level). On the other hand, supports could be found at 88.90 (100-hour SMA), 88.30 (200-hour SMA) and 88.12 (intraday low).
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