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Forex pairs in this Article » USD/JPY (Moscow) – USD/JPY rallied in the Tokyo morning from late-US lows around 100.80 as high as 101.37, then rebounded, but resumed the rise reaching 101.32 at the moment.

USD/JPY will listen to the FED

The Nikkei opened a lot lower today, and closed in red as well, only putting the pair under additional pressure. Yesterday, the pair reached 1,5-month lows around 100.77 on expectations of weak NFP results scheduled for release this Friday. It made two attempts in the morning to break lower, though still unsuccessful. Now we see another run higher with central pivot point at 101.40 may serve as strong resistance again. Though the American session doesn’t have any interesting reports, a number of the FED officials’ speeches may attract some attention. If we hear any hints on long period of easy cycle it may put the pair under additional pressure with initial target at 100.37 support level. The upside is limited to 101.40 resistance level.

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 101.40, with support below at 100.37, 99.75 and 98.72, with resistance above at 102.02, 103.05, and 103.67. Hourly Moving Averages are bearish, with the 200SMA at 102.74 and the daily 20EMA at 103.15. Hourly RSI is neutral at 43.
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