26 Jun 2014
USD/JPY steady in the opening
FXStreet (Guatemala) - USD/JPY is trading at 101.81, down -0.05% on the day, having posted a daily high at 101.88 and low at 101.78.
With the Nikkei open and down, USD/JPY remains steady having built back up onto 101.80. From the fundementals, Abe recently spoke about the need for a bigger role for women and foreigners in the workforce. “Japanese is faced with a rapidly ageing workforce and encouraging new workers into its workforce could help address the worsening ratio of workers to retirees”, explained Jane Foley Senior Currency Strategist at Rabobank. She continued and said, “However, the government stopped short of rules that would enforce changes and the result is that the markets paid little heed to yesterday’s announcements. Without news of real or rapid fiscal policy changes, the market will continue to focus on monetary policy developments for direction”.
USD/JPY Levels
With spot trading at 101.82, we can see next resistance ahead at 101.83 (Daily Classic PP), 101.85 (Hourly 20 EMA), 101.87 (Daily Open), (Weekly Low) and 101.88 (Daily High). Support below can be found at 101.78 (Daily Low), 101.73 (Weekly Classic S1), 101.70 (Monthly Low), 101.68 (Daily 200 SMA) and 101.66 (Daily Classic S1).
With the Nikkei open and down, USD/JPY remains steady having built back up onto 101.80. From the fundementals, Abe recently spoke about the need for a bigger role for women and foreigners in the workforce. “Japanese is faced with a rapidly ageing workforce and encouraging new workers into its workforce could help address the worsening ratio of workers to retirees”, explained Jane Foley Senior Currency Strategist at Rabobank. She continued and said, “However, the government stopped short of rules that would enforce changes and the result is that the markets paid little heed to yesterday’s announcements. Without news of real or rapid fiscal policy changes, the market will continue to focus on monetary policy developments for direction”.
USD/JPY Levels
With spot trading at 101.82, we can see next resistance ahead at 101.83 (Daily Classic PP), 101.85 (Hourly 20 EMA), 101.87 (Daily Open), (Weekly Low) and 101.88 (Daily High). Support below can be found at 101.78 (Daily Low), 101.73 (Weekly Classic S1), 101.70 (Monthly Low), 101.68 (Daily 200 SMA) and 101.66 (Daily Classic S1).