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Forex pairs in this Article » USD/JPY
FXStreet (Guatemala) - USD/JPY has been a two way story of late and is suffering on pressure from EM’s originating in China. The pair is finding support at times from he Nikkei but has ben mostly offered in Europe and the US.

USD/JPY is opening today in Asia on 102.20 but lacks impetus from a light calendar for the pair today. The dollar has been a two way story overnight but generally has a bearish feel post a disappointing day from the calendar. Consumer Confidence came in below expectations and previous month, which should have been dollar negative. The data for February read 78.1 vs 80.0 expected and 79.4 previous. Technically for USD/JPY, Karen Jones, chief economist at Commerzbank explained it will continue to hold a slight upside bias while above the 101.56 level and 3 month support line. “We have a multitude of supports between 101 and 100, we look for this ‘zone’ to under pin. This area is also reinforced by the the 200 day m.a. at 100.19 and the 55 week ma at 99.23”.

USD/JPY Levels

The 20 DMA is 102.18, the 50 DMA is 103.38 and the 200 DMA is 100.19. RSI (14) reads 46.13. Supports are ascending from 101.67, 101.97 and 102.17.Spot is 102.20 while resistances are102.68, 102.85,102.94 and 103.10.
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