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Forex pairs in this Article » USD/JPY
FXstreet.com (Moscow) – USD/JPY started the day at 104.53, and moved higher reaching 104.83 session high in a couple of hours, though soon rebounding to 104.27 lows there it’s trading at the moment.

Little hope for US data as a catalyst

The Bank of Japan meeting was a complete non-event. Nothing new was said, nothing was changed, nothing pushed the JPY out of its tight ranges. Today the BoJ published its monthly economic report, and it continued the boring trend. USD/JPY downside is still limited by 104.00. This support line has been already tested several times, but each time the pair rebounded. US macroeconomic reports are among possible catalysts today, but don’t lay much hope on it. As long as the above said support is intact USD/JPY will continue to consolidate within the narrow range. The upside is likely to be limited by 104.72 and 104.96

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 104.34, with support below at 104.11, 103.73 and 103.49, with resistance above at 104.72, 104.96, and 105.34. Hourly Moving Averages are mixed, with the 200SMA at 104.17 and the daily 20EMA at 104.23. Hourly RSI is neutral at 49.
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