3 Feb 2014
USD/JPY hovers around 102.00
FXStreet (Córdoba) - The USD/JPY remained pretty much steady below the 102.00 mark after the US Markit manufacturing PMI.
The Markit PMI was unrevised at 53.7 in January versus 55.0 the previous month, signaling slower pace of growth in the manufacturing sector. The USD/JPY continued to hover around 102.00 well within today's range as investors await the ISM reading. At time of writing, the USD/JPY is trading at 101.80, recording a 0.2% loss on the day.
USD/JPY levels to watch
In terms of technical levels, immediate supports are seen at 101.66 (Feb 3 low), 101.15 (Nov 25 & 26 low) and 101.00 (psychological level). On the upside, resistances could be faced at 102.40 (Feb 3 high), 102.85 (10-day SMA) and 103.00 (psychological level).
The Markit PMI was unrevised at 53.7 in January versus 55.0 the previous month, signaling slower pace of growth in the manufacturing sector. The USD/JPY continued to hover around 102.00 well within today's range as investors await the ISM reading. At time of writing, the USD/JPY is trading at 101.80, recording a 0.2% loss on the day.
USD/JPY levels to watch
In terms of technical levels, immediate supports are seen at 101.66 (Feb 3 low), 101.15 (Nov 25 & 26 low) and 101.00 (psychological level). On the upside, resistances could be faced at 102.40 (Feb 3 high), 102.85 (10-day SMA) and 103.00 (psychological level).