17 Oct 2013
USD/JPY soars to almost 3-week highs above 99
FXstreet.com (Chicago) - USD/JPY continues being pushed higher on comments by US senators explaining the conditions of the agreement.
Deal closed
Government opening will go through until January 15th while the debt ceiling extension will go until February 15th. Market participants favor the dollar ahead of job market data in the US and foreign investment results in Japan.
USD/JPY Technical Levels
Technically speaking, the pair jumps to almost three-week highs above the 99 zone on comments by US senators regarding the deal. Offered at 98.88, the pair oscillates between supports aligned at 98.73 (September 29th highs), 98.34 (September 25th lows) ahead of 97.83 (October 1st highs) and the resistances set at 99.16 (September 27th highs), 99.68 (September 19th highs) followed by 100 (September 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Deal closed
Government opening will go through until January 15th while the debt ceiling extension will go until February 15th. Market participants favor the dollar ahead of job market data in the US and foreign investment results in Japan.
USD/JPY Technical Levels
Technically speaking, the pair jumps to almost three-week highs above the 99 zone on comments by US senators regarding the deal. Offered at 98.88, the pair oscillates between supports aligned at 98.73 (September 29th highs), 98.34 (September 25th lows) ahead of 97.83 (October 1st highs) and the resistances set at 99.16 (September 27th highs), 99.68 (September 19th highs) followed by 100 (September 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.