FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik remarks, post-CPI dollar strength sent USD/JPY back above the 102.00 figure, with the hourly chart showing price advanced up to its 200 SMA where it halted.

Key quotes



“The hourly chart shows a strong upward momentum coming from technical readings, albeit this area has proved tough over the last few days.”



“In the 4 hours chart technical readings present a mild positive tone, yet some follow through past 102.35 is require to confirm a stronger advance in the short term. ”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Yen surges in inter-bank trade as Greeks vote 'No'

  2. Forex News

    Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD

  3. Forex News

    Global Equity Markets Look Unsettled, China Is Tumbling

  4. Forex News

    USD/JPY supported at 122.60

  5. Forex News

    USD/JPY drops to 122.60

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!