Back
27 Feb 2014
USD/JPY recovers from Asian lows at 102.23
FXStreet (Moscow) - USD/JPY has recovered from the current intraday low at 102.23 and settled just above the support area of 102.35 (1h 50 EMA).
Will USD/JPY ever leave its range?
USD/JPY ended Wednesday in the been zone as the US Dollar grew across the board after positive house market data. Now the currency pair is sleeping in a narrow range as there are no meaningful catalysts that may breathe in life in it. European session events might have only knock on effects on the pair, as the market is focused on new portion of US macro statistics. US Durable Goods Orders and Initial Unemployment claims scheduled for today have a good market moving potential as they will further shape the FED tapering expectations. Form the technical point of view, the first support comes at current Asian lows at 102.23 and followed by medium demand area at 102.10/00. Stronger demand is seen at 102.80. The resistance comes at 102.42 followed by 102.65/70 where strong exporters offers is seen.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.36, with support below at 102.09, 101.83 and 101.56, with resistance above at 102.63, 102.90, and 103.16. Hourly Moving Averages are mixed, with the 200SMA at 102.24 and the daily 20EMA at 102.41. Hourly RSI is neutral at 49.
Will USD/JPY ever leave its range?
USD/JPY ended Wednesday in the been zone as the US Dollar grew across the board after positive house market data. Now the currency pair is sleeping in a narrow range as there are no meaningful catalysts that may breathe in life in it. European session events might have only knock on effects on the pair, as the market is focused on new portion of US macro statistics. US Durable Goods Orders and Initial Unemployment claims scheduled for today have a good market moving potential as they will further shape the FED tapering expectations. Form the technical point of view, the first support comes at current Asian lows at 102.23 and followed by medium demand area at 102.10/00. Stronger demand is seen at 102.80. The resistance comes at 102.42 followed by 102.65/70 where strong exporters offers is seen.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.36, with support below at 102.09, 101.83 and 101.56, with resistance above at 102.63, 102.90, and 103.16. Hourly Moving Averages are mixed, with the 200SMA at 102.24 and the daily 20EMA at 102.41. Hourly RSI is neutral at 49.