11 Apr 2014
USD/JPY edging lower post Tokyo open
FXStreet (Barcelona) - Currently, USD/JPY is trading at 101.37, down -0.16% on the day, having posted a daily high at 101.59 and low at 101.33.
USD/JPY is virtually unchanged, edging slightly lower, post the Tokyo open, with the Nikkei opening down 1.90% and losing points while the BoJ Minutes revealed a committee which that were on track in accordance to their forecasts for prices and the economy in whole. The Yen may well be supported in relation the improvements in the labour force, wages and consumer spending.
USD/JPY Levels
Spot is presently trading at 101.37, and next resistance can be seen at 101.51 (Daily Classic S2), 101.53 (Weekly Low), 101.53 (Daily Open), 101.59 (Daily High) and 101.60 (Hourly 20 EMA). Next support to the downside can be found at 101.36 (Monthly Low), 101.33 (Yesterday's Low), 101.33 (Daily Low), 101.31 (Weekly Classic S3) and 101.30 (Daily Classic S3).
USD/JPY is virtually unchanged, edging slightly lower, post the Tokyo open, with the Nikkei opening down 1.90% and losing points while the BoJ Minutes revealed a committee which that were on track in accordance to their forecasts for prices and the economy in whole. The Yen may well be supported in relation the improvements in the labour force, wages and consumer spending.
USD/JPY Levels
Spot is presently trading at 101.37, and next resistance can be seen at 101.51 (Daily Classic S2), 101.53 (Weekly Low), 101.53 (Daily Open), 101.59 (Daily High) and 101.60 (Hourly 20 EMA). Next support to the downside can be found at 101.36 (Monthly Low), 101.33 (Yesterday's Low), 101.33 (Daily Low), 101.31 (Weekly Classic S3) and 101.30 (Daily Classic S3).