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Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - Retail sales in Japan came in exactly as expected at +0.4% on the yearly basis, making little changes in USDJPY, last at 90.78, around where it was trading by NY open. The pair is slightly lower for the week, down -0.28%, with focus now on later on FOMC, and US jobs and GDP figures. Nikkei index opens above the 10900 points mark, up +0.48%, while SP500 closed above the 1500 handle at fresh 5 year highs, and oil is dealing with fresh 4-month highs above the $97 mark.

As Valeria Bednarik, Chief Analyst at Fxstreet.com notes: "the pair was unable to recover above the roof of the short term descendant channel clear in the hourly chart," the analyst says, adding: "Technical indicators in the mentioned time frame stand in neutral territory showing no actual strength either side of the board, while the roof of the channel offers resistance around 90.90, and 100 SMA at 90.30 at the time being. The USDJPY will most likely hold its range with the upside favored, until US news are out," she concludes.

The analyst locates support levels at: 90.30, 89.80 and 89.60, while resistance levels at: 90.90, 91.20 and 91.60.
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