6 Feb 2014
USD/JPY resting ahead of 102 psychological level
FXStreet (Guatemala) - USD/JPY has soared from below 101.30 to reach 101.90, just shy of the psychological 102 handle.
USD/JPY was able to rally on the back of EUR/JPY post ECB. The markets will now focus on tomorrows on tomorrows data from the US. Strategists at TD Securities noted that we might still get some volatility around the NFP data…but the overall message from this week’s data is that the Fed will keep its toe on the taper brake for now”.
USD/JPY Levels
The 20 DMA is 103.22, the 50 DMA is 103.47 and the 200 DMA is 100.07. RSI (14) reads 62.50. Supports are ascending from 100.26, 100.62, 101.07 and 101.30. Spot is 101.95, 102.15 and 102.41.
USD/JPY was able to rally on the back of EUR/JPY post ECB. The markets will now focus on tomorrows on tomorrows data from the US. Strategists at TD Securities noted that we might still get some volatility around the NFP data…but the overall message from this week’s data is that the Fed will keep its toe on the taper brake for now”.
USD/JPY Levels
The 20 DMA is 103.22, the 50 DMA is 103.47 and the 200 DMA is 100.07. RSI (14) reads 62.50. Supports are ascending from 100.26, 100.62, 101.07 and 101.30. Spot is 101.95, 102.15 and 102.41.