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10 Sep 2013
USD/JPY grinding sideways for 2nd day following Friday’s bearish reversal
FXstreet.com (Barcelona) - Traders absorbed the Bank of Japan’s meeting minutes today without much of a reaction and the USD/JPY remains stuck within Friday’s trading range.
With no more data, Tuesday’s trading to be driven by Syria and technicals
The USD/JPY will be reacting to US / Syria news flow and technical trading levels Tuesday after Japanese announcements (BOJ Minutes, and tertiary index data) failed to move the needle at all.
Technical outlook for USDJPY
Technicians say that for the bearish candle from Friday to be negated that the USD/JPY will need to set new short-term highs above 100.22. Support for USD/JPY comes in at Friday’s low at 98.53 with the 8/28 low of 96.81 below that.
With no more data, Tuesday’s trading to be driven by Syria and technicals
The USD/JPY will be reacting to US / Syria news flow and technical trading levels Tuesday after Japanese announcements (BOJ Minutes, and tertiary index data) failed to move the needle at all.
Technical outlook for USDJPY
Technicians say that for the bearish candle from Friday to be negated that the USD/JPY will need to set new short-term highs above 100.22. Support for USD/JPY comes in at Friday’s low at 98.53 with the 8/28 low of 96.81 below that.