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6 Aug 2013
USD/JPY bid 98.50
FXstreet.com (Barcelona) - USD/JPY has regained the 98.00 handle after dropping over two big figures since last Fridays close.
Equity markets were lower in Asia after the stronger than expected US non-mfg ISM yesterday. This data created fear again of QE tapering and that had seen the pair fall below 98.00 before staging an impressive comeback with the pair continuing on the bid in the European opening hour. Today on the event side of things we have a little bit of US data starting out wit the Trade Balance (Jun) expected -$43.10B. Then we will see Redbook Index (YoY) and (MoM) (Jul 28). For Japan, the weeks events will pick up tomorrow and Thursday when we will have the BoJ meeting.
USD/JPY bid on open
USD/JPY is bid on the open and the levels come as 20d ma 99.16, 200 d ma 93.17. RSI (9) 43.35. Supports are ascending from 96.95, 97.24, 97.59, 97.84. Spot is currently 98.50 while resistances are 98.66, 98.78 and 99.25.
Equity markets were lower in Asia after the stronger than expected US non-mfg ISM yesterday. This data created fear again of QE tapering and that had seen the pair fall below 98.00 before staging an impressive comeback with the pair continuing on the bid in the European opening hour. Today on the event side of things we have a little bit of US data starting out wit the Trade Balance (Jun) expected -$43.10B. Then we will see Redbook Index (YoY) and (MoM) (Jul 28). For Japan, the weeks events will pick up tomorrow and Thursday when we will have the BoJ meeting.
USD/JPY bid on open
USD/JPY is bid on the open and the levels come as 20d ma 99.16, 200 d ma 93.17. RSI (9) 43.35. Supports are ascending from 96.95, 97.24, 97.59, 97.84. Spot is currently 98.50 while resistances are 98.66, 98.78 and 99.25.