FXStreet (Moscow) - USD/JPY opened the day at 101.94, slid to 101.81 session low, but rebounded a bit by the moment.



This is why…



The market is fully absorbed by the issue of too dovish Janet, and not too optimistic US economy outlook. This is why stock markets are at record highs, and USD/JPY dived under 102.00 area again. Although the chances of further USD sell-off are not very high given the absence of any economic catalysts, and the neighborhood of weekend, the pair still may have some troubles with positioning above 102.00 on empty economic calendar.



What are today’s key USD/JPY levels?



Today's central pivot point can be found at 101.90, with support below at 101.79, 101.62 and 101.50 with resistance above at 102.07, 102.19, and 102.36. Hourly Moving Averages are bearish, with the 200SMA at 102.05 and the daily 20EMA bearish at 102.06. Hourly RSI is bearish at 45.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: A bullish scenario on 121 handle - UOB

  2. Forex News

    USD/JPY bulls looking for a break away

  3. Forex News

    USDJPY Reverses on News

  4. Forex News

    USD/JPY: bulls eyeing 122 – FXStreet

  5. Forex News

    USD/JPY sees more upside potential in the interim, key reasons – RBS

Trading Center