USD/JPY weighing to the downside

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 101.63, down -0.03% on the day, having posted a daily high at 101.71 and low at 101.61.



USD/JPY is a slow burner to the downside without anything on the docket other than the foreign bond investment came in at Yen 671.5B vs Yen just 249.1B previous supporting the JPY while foreign investment in Japanese Stocks cam in at Yen 160.09B vs Yen 330.9B. Meanwhile, the Nikkei is up 0.28% on the Tokyo open.



USD/JPY Levels



Spot is presently trading at 101.64, and next resistance can be seen at 101.67 (Daily Open), 101.68 (Weekly High), 101.70 (Hourly 20 EMA), (Daily Classic PP) and 101.71 (Daily High). Next support to the downside can be found at 101.63 (Hourly 200 SMA), (Yesterday's Low), 101.61 (Daily Low), 101.60 (Daily Classic S1) and 101.53 (Hourly 100 SMA).



Related Forex Analysis
  1. Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
    Forex News

    Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop

  2. BoJ preview: Downgrade in economy, inflation to sustain QQE prospects into 2015 - ...
    Forex News

    BoJ preview: Downgrade in economy, inflation to sustain QQE prospects into 2015 - ...

  3. USD/JPY risks still skewed to the upside - Nomura
    Forex News

    USD/JPY risks still skewed to the upside - Nomura

  4. USD/JPY fast approaching Oct high ahead of BoJ
    Forex News

    USD/JPY fast approaching Oct high ahead of BoJ

  5. USD/JPY Technical Analysis: Resistance Above 110.00 in Focus
    Forex News

    USD/JPY Technical Analysis: Resistance Above 110.00 in Focus

Trading Center