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Forex pairs in this Article » USD/JPY
FXStreet (Guatemala) - USD/JPY has moved deeper on the offer, extending losses from the 102.70’s with the release of the lowest read NAHB housing read in the US since May.

USD/JPY has been punished and is pressing down onto the 102.20’s after NAHB housing read 46 vs the 56 consensus and previous 56 indicating the housing market trend in the US has taken a turn for the worst. Meanwhile, for Japan overnight, analysts at TD Securities noted that the BoJ policy meeting ended with policy makers sticking with the current asset purchase plan whilst doubling the scale of a low-interest loan programme to banks to total JPY 7 tn. “The decision came after yesterday’s disappointing GDP data (0.3% q/q versus 0.7% expected). The dovish move underscores the potential for even more stimulus measures later this year if the economy stumbles after the implementation of the sales tax increase in April”.

USD/JPY Levels

The 20 DMA is 102.43, the 50 DMA is 103.44 and the 200 DMA is 100.19. RSI (14) reads 52.31. Supports are ascending from 101.38, 101.53, 101.76, 102.18
102.33 while resistances are 102.94, 103.10, 103.45 and 103.58.
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