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6 Aug 2013
USD/JPY offered to 98.10
FXstreet.com (London) - USD/JPY has been capped this morning at 98.60 and is currently testing the downside towards the 98.00 handle.
USD/JPY has been subject to further fears of QE tapering and that had seen the pair on the offer through 98.00 overnight towards base of the cloud. The pair, after a pull back, is again offered as approach the NA open. We are waiting for the US Trade Balance (Jun) expected -$43.10B. Then we will see Redbook Index (YoY) and (MoM) (Jul 28). For Japan, the weeks events will pick up tomorrow and Thursday when we will have the BoJ meeting.
USD/JPY resumes negative bias
USD/JPY is turning negative and eyes the bottom of the cloud, with support there seen as 97.70 and a break f 97.65 will be significant to push the pair lower for key support 97.05. The levels come as 20d ma 99.16, 200 d ma 93.17. RSI (9) 43.35. Supports are ascending from 96.95/97.05, 97.24, 97.59, 97.84. Spot is currently 98.10 while resistances are 98.38, 98.66, 98.78 and 99.25.
USD/JPY has been subject to further fears of QE tapering and that had seen the pair on the offer through 98.00 overnight towards base of the cloud. The pair, after a pull back, is again offered as approach the NA open. We are waiting for the US Trade Balance (Jun) expected -$43.10B. Then we will see Redbook Index (YoY) and (MoM) (Jul 28). For Japan, the weeks events will pick up tomorrow and Thursday when we will have the BoJ meeting.
USD/JPY resumes negative bias
USD/JPY is turning negative and eyes the bottom of the cloud, with support there seen as 97.70 and a break f 97.65 will be significant to push the pair lower for key support 97.05. The levels come as 20d ma 99.16, 200 d ma 93.17. RSI (9) 43.35. Supports are ascending from 96.95/97.05, 97.24, 97.59, 97.84. Spot is currently 98.10 while resistances are 98.38, 98.66, 98.78 and 99.25.