4 Dec 2013
USD/JPY struggling to recover the pivot
FXstreet.com (London) - USD/JPY has attempted to pull back towards the pivot but the bears are keeping the pair on the back foot.
Meanwhile, the BoJ is working on contingency plans for further economic stimulus according to officials briefed on the process.
USD/JPY Levels
The 20 DMA is 100.39, the 50 DMA is 98.96 and the 200 DMA is 98.35. RSI (14) reads 46.69. Supports are ascending from 102.12, 102.22, Spot is 102.40 currently while resistances are 102.60, 102.83,103.35,103.57,103.74, 104.04 and 104.58.
Meanwhile, the BoJ is working on contingency plans for further economic stimulus according to officials briefed on the process.
USD/JPY Levels
The 20 DMA is 100.39, the 50 DMA is 98.96 and the 200 DMA is 98.35. RSI (14) reads 46.69. Supports are ascending from 102.12, 102.22, Spot is 102.40 currently while resistances are 102.60, 102.83,103.35,103.57,103.74, 104.04 and 104.58.