9 Jul 2013
USD/JPY regains the 101.00 level
FXstreet.com (New York) - The USD/JPY foreign exchange rate moved higher at the Tokyo open Tuesday, retesting the 101.00 level.
USD/JPY pares daily losses
In these moments, the USD/JPY is edging higher at +0.06%, settling at 101.03 during Asian trading. The Danske Research Team has identified supports at 100.95, ahead of 100.71, and finally 100.43. On the ascension, resistances for the USD/JPY at 101.60 onto 100.81.
USD/JPY 100.00 level in focus
According to Sean Lee, an analyst at FXWW, “The best that can be said about the USD/JPY is that it is choppy – the recent up-trend recovery is still reasonably strong but if/when risk suddenly turns off, we could easily see some sharp sell-offs. Buying really big dips is still the obvious play here. 100.00/101.50 are the main levels to watch.”
USD/JPY pares daily losses
In these moments, the USD/JPY is edging higher at +0.06%, settling at 101.03 during Asian trading. The Danske Research Team has identified supports at 100.95, ahead of 100.71, and finally 100.43. On the ascension, resistances for the USD/JPY at 101.60 onto 100.81.
USD/JPY 100.00 level in focus
According to Sean Lee, an analyst at FXWW, “The best that can be said about the USD/JPY is that it is choppy – the recent up-trend recovery is still reasonably strong but if/when risk suddenly turns off, we could easily see some sharp sell-offs. Buying really big dips is still the obvious play here. 100.00/101.50 are the main levels to watch.”