11 Oct 2013
USD/JPY hits fresh 10-day high
FXstreet.com (Córdoba) - The USD/JPY picked up momentum and rose to test the 100-day SMA during the American afternoon, underpinned by signs of progress in US debt ceiling negotiations.
As the USD catches a broad bid heading into the weekend, USD/JPY has risen to its highest in 10 day at 98.57, briefly peeping over the 100-day SMA that lies at 98.53. At time of writing, USD/JPY is trading around 98.50, recording a 0.4% daily gain and securing a 1.3% advance this week.
USD/JPY technical levels
As for technical levels, a clear break of the 98.53/60 area would pave the way toward 98.72 (Oct 1 high) and 99.00 (psychological level). On the downside, supports are seen at 97.90 (daily low) and 97.65 (Oct 9 high).
As the USD catches a broad bid heading into the weekend, USD/JPY has risen to its highest in 10 day at 98.57, briefly peeping over the 100-day SMA that lies at 98.53. At time of writing, USD/JPY is trading around 98.50, recording a 0.4% daily gain and securing a 1.3% advance this week.
USD/JPY technical levels
As for technical levels, a clear break of the 98.53/60 area would pave the way toward 98.72 (Oct 1 high) and 99.00 (psychological level). On the downside, supports are seen at 97.90 (daily low) and 97.65 (Oct 9 high).