8 Apr 2014
USD/JPY is uninspired by BOJ decision; still below 103.00
FXStreet (Moscow) - USD/JPY rushed from 102.77 to 103.00 and settled at 102.93 after BOJ monetary policy decision
BOJ failed to surprise the markets. Again
USD/JPY dropped below 102.00 and settled at 102.84 ahead of the Bank of Japan monetary policy decision. As soon as the central bank announced that the rate is left unchanged as well as the economy outlook the pair dipped to 102.77, shy of current Asian lows of 102.74, but bits located around that area helped to cap the downside and push USD/JPY to 103.00. Actually, the BOJ decision turned out to be a non-event, just as it was expected.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.16, with support below at 102.92, 102.75 and 102.51 with resistance above at 103.33, 103.57, and 103.74. Hourly Moving Averages are largely bearish, with the 200SMA at 103.15 and the daily 20EMA at 102.83. Hourly RSI is bearish at 29.
BOJ failed to surprise the markets. Again
USD/JPY dropped below 102.00 and settled at 102.84 ahead of the Bank of Japan monetary policy decision. As soon as the central bank announced that the rate is left unchanged as well as the economy outlook the pair dipped to 102.77, shy of current Asian lows of 102.74, but bits located around that area helped to cap the downside and push USD/JPY to 103.00. Actually, the BOJ decision turned out to be a non-event, just as it was expected.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.16, with support below at 102.92, 102.75 and 102.51 with resistance above at 103.33, 103.57, and 103.74. Hourly Moving Averages are largely bearish, with the 200SMA at 103.15 and the daily 20EMA at 102.83. Hourly RSI is bearish at 29.