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6 Sep 2013
USD/JPY resuming the 99.00 handle
FXstreet.com (London) - USD/JPY has resumed the 99.00 handle after dropping from 100.20 yesterday, and then further in an accelerated decline sub the 100.00 handle, marking a low of 98.54.
The move came in the wake of the US Dollar trading negatively following the weaker than expected US Non Farm Payrolls data. Alarmingly Russia's president Vladimir Putin speech about Syria revealed their intent to help Syria if attacked and have been sending them weapons.
USD/JPY RSI below 30
The 20 DMA is 98.33, the 50 DMA is 98.84 and the 200 DMA is 95.13. RSI (14) is 29.865 while support for near term is 98.52 and critical. Spot is currently 99.05 while resistances are 99.10 99.57 99.77 and 100.24.
The move came in the wake of the US Dollar trading negatively following the weaker than expected US Non Farm Payrolls data. Alarmingly Russia's president Vladimir Putin speech about Syria revealed their intent to help Syria if attacked and have been sending them weapons.
USD/JPY RSI below 30
The 20 DMA is 98.33, the 50 DMA is 98.84 and the 200 DMA is 95.13. RSI (14) is 29.865 while support for near term is 98.52 and critical. Spot is currently 99.05 while resistances are 99.10 99.57 99.77 and 100.24.