USD/JPY printing lower on FOMC minutes

By FXstreet.com | July 09, 2014 AAA

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).



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