5 Dec 2013
USD/JPY follows Nikkei lower into European open
FXstreet.com (Barcelona) - USD/JPY has generally declined overnight, having posted an overnight high at 102.43, and is now trading at 101.93, down -0.3%, having retraced from its low at 101.85.
USD/JPY declines, with Nikkei closing down 1.5%
Overnight data in Japan saw a sharp decline in foreign investment in japanese stocks and bonds data, which caught the short term move higher long. The Nikkei 225 also closed down 1.5% weighing on sentiment. Ahead, investors will be mindful of the ECB interest rate decision and policy statement and press conference and the cross pair movement it can instigate, but also be eyeing US GDP at 13:30 GMT at the same time.
What are today’s key USD/JPY levels?
The central pivot point today can be found at 102.31. Support below is found at 101.7773 (S1), 101.2832 (S2) and 100.7468 (S3) with resistance above at 102.8078 (R1), 103.3442 (R2) and 103.8383 (R3). Special attention should be paid to the range between 102.71-103.05 where several key levels are clustered. Elsewhere, hourly RSI is at 36 and moving with a downward trajectory while the hourly 200 SMA is at102.17 and bearish, while the daily 20 EMA sits at 101.03 and is bullish.
USD/JPY declines, with Nikkei closing down 1.5%
Overnight data in Japan saw a sharp decline in foreign investment in japanese stocks and bonds data, which caught the short term move higher long. The Nikkei 225 also closed down 1.5% weighing on sentiment. Ahead, investors will be mindful of the ECB interest rate decision and policy statement and press conference and the cross pair movement it can instigate, but also be eyeing US GDP at 13:30 GMT at the same time.
What are today’s key USD/JPY levels?
The central pivot point today can be found at 102.31. Support below is found at 101.7773 (S1), 101.2832 (S2) and 100.7468 (S3) with resistance above at 102.8078 (R1), 103.3442 (R2) and 103.8383 (R3). Special attention should be paid to the range between 102.71-103.05 where several key levels are clustered. Elsewhere, hourly RSI is at 36 and moving with a downward trajectory while the hourly 200 SMA is at102.17 and bearish, while the daily 20 EMA sits at 101.03 and is bullish.