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27 Nov 2013
USD/JPY climbs into European session
FXstreet.com (Barcelona) - USD/JPY has steadily climbed overnight and into the European session, posting a high at 101.77, before dipping to where we are currently trading at 101.67, up 0.4% on the days trading.
USD/JPY buoyed by BoJ comments ahead of 102 target
USD/JPY remains near term bullish ahead of the 102 key level, notes Emmanuel Ng, FX Strategist at OCBC Bank, with investor sentiment buoyed by the BoJ’s commentary yesterday. Peter Fell of FXBeat comments that the pair was bid overnight on retail demand, commenting “Nikkei now only -0.25% down, from -0.65% at the open.” on Japanese retail demand, but sell orders lie ahead “between 101.85 /102.00.”
What are today’s key USD/JPY levels?
Today’s central pivot point is located at 101.2145with supports for this pair are found at 101.0590 (S1), 100.7895 (S2) and 100.6340 (S3) and resistances for the pair at 101.4840 (R1), 101.6395 (R2) and 101.9090 (R3). Special attention deserves to be paid to the price range 101.67-101.33 where several technical levels are confluent today.
USD/JPY buoyed by BoJ comments ahead of 102 target
USD/JPY remains near term bullish ahead of the 102 key level, notes Emmanuel Ng, FX Strategist at OCBC Bank, with investor sentiment buoyed by the BoJ’s commentary yesterday. Peter Fell of FXBeat comments that the pair was bid overnight on retail demand, commenting “Nikkei now only -0.25% down, from -0.65% at the open.” on Japanese retail demand, but sell orders lie ahead “between 101.85 /102.00.”
What are today’s key USD/JPY levels?
Today’s central pivot point is located at 101.2145with supports for this pair are found at 101.0590 (S1), 100.7895 (S2) and 100.6340 (S3) and resistances for the pair at 101.4840 (R1), 101.6395 (R2) and 101.9090 (R3). Special attention deserves to be paid to the price range 101.67-101.33 where several technical levels are confluent today.