30 Jan 2014
USD/JPY eyes for the 103 handle
FXstreet.com (Guatemala) - USD/JPY hasn’t been able to penetrate through onto the 103 handle and finds itself testing the downside on 102.60 support.
The rally from 102.12 managed 102.89 on the session in an environment that was lead by equities performances and firmer US yields. On the data front, the US has been mixed today. Worse than expected Jobless Claims for Jan 24th at 348k against a median forecast of 330k and coupled with a downside miss in GDP with a rise of 3.2%. The Asian session has the CPI for Japan and eyes will also be on the Unemployment rate with expectations for a reading of 3.9%.
USD/JPY Levels
The 20 DMA is 103.95, the 50 DMA is 103.40 and the 200 DMA is 99.98. RSI (14) reads 51.80. Supports are ascending from 100.96, 101.62, 101.77, 102.35, 102.45. Spot is 102.67 while resistances are 103.10, 103.58 and 103.70.
The rally from 102.12 managed 102.89 on the session in an environment that was lead by equities performances and firmer US yields. On the data front, the US has been mixed today. Worse than expected Jobless Claims for Jan 24th at 348k against a median forecast of 330k and coupled with a downside miss in GDP with a rise of 3.2%. The Asian session has the CPI for Japan and eyes will also be on the Unemployment rate with expectations for a reading of 3.9%.
USD/JPY Levels
The 20 DMA is 103.95, the 50 DMA is 103.40 and the 200 DMA is 99.98. RSI (14) reads 51.80. Supports are ascending from 100.96, 101.62, 101.77, 102.35, 102.45. Spot is 102.67 while resistances are 103.10, 103.58 and 103.70.