Back
25 Nov 2013
USD/JPY declines from 102.00 cap
FXstreet.com (Barcelona) - Having climbed overnight to post a high at 101.918, USD/JPY has gently declined into the European session to where it is presently trading at 101.65, but still up 0.34% on the days trading.
Yen weakens on Kuroda comments
USD/JPY moved higher, in tandem with the Nikkei 225 overnight after commentary from BoJ Governor Kuroda reiterating the banks “very strong” commitment to the 2% inflation target saw the Yen weaken. Kuroda added that while this was an ambitious target, policy could be adjusted if necessary.
What are today’s key USD/JPY levels?
The central pivot point is located at 101.2145. Pivot supports for this pair are to be found at 101.0590 (S1), 100.7895 (S2) and 100.6340 (S3). Above, daily pivot resistances for this pair are to be found at 101.4840 (R1), 101.6395 (R2) and 101.9090 (R3). Special attention should be paid to the price range 101.67-101.33 where several technical levels are confluent today.
Yen weakens on Kuroda comments
USD/JPY moved higher, in tandem with the Nikkei 225 overnight after commentary from BoJ Governor Kuroda reiterating the banks “very strong” commitment to the 2% inflation target saw the Yen weaken. Kuroda added that while this was an ambitious target, policy could be adjusted if necessary.
What are today’s key USD/JPY levels?
The central pivot point is located at 101.2145. Pivot supports for this pair are to be found at 101.0590 (S1), 100.7895 (S2) and 100.6340 (S3). Above, daily pivot resistances for this pair are to be found at 101.4840 (R1), 101.6395 (R2) and 101.9090 (R3). Special attention should be paid to the price range 101.67-101.33 where several technical levels are confluent today.