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Forex pairs in this Article » USD/JPY
FXStreet (Guatemala) - The USD/JPY is holding the mid point of the 102 handle while markets are somewhat quieter into Asia after earlier action in Europe and NY sessions.

The markets have remained in Yellen mode and Derek Halpenny at The Bank of Tokyo-Mitsubishi UFJ, Ltd explained that the The USD/JPY was helped yesterday by the refusal of Yellen to criticise Japan for its conduct of monetary policy that has fuelled yen depreciation. “Members of the House kept pushing for this but Yellen kept to the G7 line that as long as monetary policy was focused on domestic policies in Japan then the steps taken to end deflation would benefit all”. Meanwhile, from the calendar today we will have important data for the Australian economy which may see a shift through the dollar across accompanying counterparts such as the USD/JPY unit.

USD/JPY Levels

The 20 DMA is 102.88, the 50 DMA is 103.46 and the 200 DMA is 100.15. RSI (14) reads 44.60. Supports are ascending from 101.77, 101.90, 102.08, 102.35. Spot is 102.50 while resistances are 102.77, 102.94, 103.10 and 103.45.
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