FXStreet (Guatemala) - USD/JPY is trading at 101.66, up 0.10% on the day, having posted a daily high at 101.88 and low at 101.45.



USD/JPY has dropped away from the rising short term trend on the hourly and is printing lower numbers post the FOMC minutes. The minutes essentially confirmed the markets expectations that the Fed will be leaning towards October as and end for their QE programme.



USD/JPY Levels



With spot trading at 101.68, we can see next resistance ahead at 101.71 (Hourly 200 SMA), 101.82 (Daily 200 SMA), 101.83 (Daily Classic R1), 101.86 (Daily 20 SMA) and 101.87 (Weekly Classic PP). Support below can be found at 101.68 (Hourly 20 EMA), 101.66 (Daily Classic PP), 101.58 (Daily Open), (Weekly Low) and 101.49 (Yesterday's Low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

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

  2. Forex News

    Global Equity Markets Look Unsettled, China Is Tumbling

  3. Forex News

    USD/JPY supported at 122.60

  4. Forex News

    USD/JPY drops to 122.60

  5. Forex News

    USD/JPY: Will Yen find love on safe haven appeal?

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!