Filed Under:
Forex pairs in this Article » USD/JPY (London) - USD/JPY has been supported sub 102.00 and reached highs of 102.46 from a low of 101.85.

As strategist Lee Hardman at The Bank of Tokyo-Mitsubishi UFJ noted, the release of the stronger than expected ADP employment survey from the US yesterday has further heightened investor expectations that the Fed maybegin to taper QE earlier at the 17th-18th December or 28th-29th January FOMC meetings. “The survey highlights that the labour market has remained surprisingly resilient to the government shutdown and debt ceiling uncertainty. The release of the Fed’s Beige Book overnight also revealed that “hiring showed a modest increase or was unchanged across the country””. Next up, NFP’s tomorrow!

USD/JPY Levels

The 20 DMA is 100.78, the 50 DMA is 99.11 and the 200 DMA is 98.45. RSI (14) reads 68.41. Supports are ascending from 101.14, 101.43, 101.74, 101.82, 102.03, 102.45, 102.71, 102.84 and 103.03.
comments powered by Disqus