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11 Sep 2013
USD/JPY breaks below 100.00
FXstreet.com (Lisbon) - The USD/JPY technical pair briefly surrendered its grip on the 100.00 level during US trading Wednesday, waning to the 99.84 level (session low), before quickly regaining the aforementioned figure.
USD/JPY event risk
The beginning of the week has been dominated by risk appetite, which witnessed the USD/JPY soaring though this has generally abated Wednesday. Coupled with a general stagnation of the USD, the pair has certainly not been able to get on the right track. Later today in Japan, the economy will release Machine Orders and Foreign Investment Statistics at 23:50 GMT.
USD/JPY technical levels
The USD/JPY is now operating at 100.09, and while it has rebounded off of earlier lows, it is still incurring a loss of -0.28% off its opening. Technically speaking the USD/JPY looks to face support at 99.95, ahead of 99.76, and finally 99.47, suggests the Danske Research Team.
USD/JPY event risk
The beginning of the week has been dominated by risk appetite, which witnessed the USD/JPY soaring though this has generally abated Wednesday. Coupled with a general stagnation of the USD, the pair has certainly not been able to get on the right track. Later today in Japan, the economy will release Machine Orders and Foreign Investment Statistics at 23:50 GMT.
USD/JPY technical levels
The USD/JPY is now operating at 100.09, and while it has rebounded off of earlier lows, it is still incurring a loss of -0.28% off its opening. Technically speaking the USD/JPY looks to face support at 99.95, ahead of 99.76, and finally 99.47, suggests the Danske Research Team.