2 Jul 2013
USD/JPY rockets to session highs
FXstreet.com (New York) - The USD/JPY foreign exchange rate surged to session highs Tuesday during US trading, advancing steadfastly as the USD strengthens across the board.
USD/JPY trading at resistance
In these moments, the USD/JPY technical pair is botching a robust gain of +1.05%, establishing fresh highs at 100.71. According to the Danske Research Team, following a break above the 100.47 resistance, the pair will face the next measure of correction at 100.73.
USD/JPY path clear towards 105.00/106.00?
According to Head of Global Markets Research Tim Riddell at ANZ, “As the USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but could be an early resumption of JPY weakness and a push towards 105.00-106.00.”
USD/JPY trading at resistance
In these moments, the USD/JPY technical pair is botching a robust gain of +1.05%, establishing fresh highs at 100.71. According to the Danske Research Team, following a break above the 100.47 resistance, the pair will face the next measure of correction at 100.73.
USD/JPY path clear towards 105.00/106.00?
According to Head of Global Markets Research Tim Riddell at ANZ, “As the USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but could be an early resumption of JPY weakness and a push towards 105.00-106.00.”