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21 May 2014
USD/JPY is on recovery mode
FXStreet (Moscow) - USD/JPY is trying to recover from the Asian lows of 101.12 reached after BOJ monetary policy decision. Currently the pair is trading at 101.22
New comments
The empty economic calendar may leave USD/JPY focused on the FED officials speaking the second day in a row. This time we will get comments of Dudley, Yellen and Kocherlakota. Although nothing special is expected, pessimistic tone in economy outlook description may be enough to trigger the wave of sell-off of the pair. In this case the initial target may be at 101.10 support level, followed by 100.75.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.38, with support below at 101.14, 100.95 and 100.72 with resistance above at 101.57, 101.80, and 101.99. Hourly Moving Averages are bearish, with the 200SMA at 101.73 and the daily 20EMA at 101.92. Hourly RSI is bearishat 44
New comments
The empty economic calendar may leave USD/JPY focused on the FED officials speaking the second day in a row. This time we will get comments of Dudley, Yellen and Kocherlakota. Although nothing special is expected, pessimistic tone in economy outlook description may be enough to trigger the wave of sell-off of the pair. In this case the initial target may be at 101.10 support level, followed by 100.75.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.38, with support below at 101.14, 100.95 and 100.72 with resistance above at 101.57, 101.80, and 101.99. Hourly Moving Averages are bearish, with the 200SMA at 101.73 and the daily 20EMA at 101.92. Hourly RSI is bearishat 44