25 Mar 2014
USD/JPY is bored around 102.20
FXstreet.com (Moscow)– USD/JPY started the day at 102.23 and showed sideway movements reaching 102.15 area by the moment.
Range-bound for short-term
Despite the sharp moves we saw on USD against the euro, and the swissy, the pair kept silence completely ignoring the dollar weakness yesterday night. On the back of residual effect from repatriation flows we could see even bigger move down, but we didn’t. It supports the chances of further range-bound developments in short-term given absence of market-movers for today. Scheduled for release the US Consumer Confidence, and New Home Sales will hardly help the pair break either of the current range 102.00-102.65 boundaries.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.33, with support below at 102.00, 101.77 and 101.44, with resistance above at 102.57, 102.90, and 103.13. Hourly Moving Averages are bullish, with the 200SMA at 102.03 and the daily 20EMA at 102.26. Hourly RSI is neutral at 52.
Range-bound for short-term
Despite the sharp moves we saw on USD against the euro, and the swissy, the pair kept silence completely ignoring the dollar weakness yesterday night. On the back of residual effect from repatriation flows we could see even bigger move down, but we didn’t. It supports the chances of further range-bound developments in short-term given absence of market-movers for today. Scheduled for release the US Consumer Confidence, and New Home Sales will hardly help the pair break either of the current range 102.00-102.65 boundaries.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.33, with support below at 102.00, 101.77 and 101.44, with resistance above at 102.57, 102.90, and 103.13. Hourly Moving Averages are bullish, with the 200SMA at 102.03 and the daily 20EMA at 102.26. Hourly RSI is neutral at 52.