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Forex pairs in this Article » EUR/USD, USD/JPY
FXStreet (Moscow) - USD/JPY is consolidating quietly slightly above the interim support level of 102.20 after the head spinning rush on Tuesday. The pair opened at 102.31 and moved to intraday low of 102.13 only to revers losses and return to current level of 102.25.

Will BOJ report add gloom to Yen perspectives?

The Japanese currency was a big looser on Tuesday as the Bank of Japan extended its pro-growth loan programs to provide the stumbling economy with further stimulus. Today we are waiting for the BOJ monthly report. Though the central bank left is economy assessment unchanged, it may trigger another round of Jen selling if there are any pessimistic hints about the economy. USD/JPY is again firmly above 102.00 and it means that the bulls are not going to give up. The closest strong support comes at 102.10-00. This is the area with strong demand on approach and stops lower. Once it is broken, the downside may accelerate to Ichimoku cloud base at 101.53. The resistance is seen at intraday high in Asia 102.44 and followed by 102.60.

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 102.29, with support below at 101.82, 101.29 and 100.82, with resistance above at 102.82, 103.29, and 103.82. Hourly Moving Averages are mixed, with the 200SMA at 102.17 and the daily 20EMA at 102.47. Hourly RSI is neutral at 47.
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