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Forex pairs in this Article » EUR/USD, USD/JPY (Moscow) – USD/JPY rebounded from 102.00 support area reaching 102.31 by the moment.

USD/JPY is still in blue

Nikkei closed down by 0.54% at 14,970.97 pushing the pair down to 102.30 from session highs at 102.40. Despite the recent rebound, the pair still has a potential to move closer to the bottom of the 7-days range. The US Dollar is under pressure not only due to American data disappointments, but also because of risk aversion that keeps returning every time we see some comments on Ukraine. The yesterday’s news on high chances of default only strengthened the downside potential. The scheduled for release US housing data hardly will bring any positive results, judging by the previous reports of existing homes and construction activity numbers. The downside is limited to 101.91 support line, whereas 102.55 resistance comes to the upside.

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 102.27, with support below at 101.91, 101.64 and 101.27, with resistance above at 102.55, 102.91, and 103.18. Hourly Moving Averages are mostly bullish, with the 200SMA at 102.20 and the daily 20EMA at 102.44. Hourly RSI is neutral at 55.
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