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1 Apr 2014
USD/JPY set their eyes at 143.50
FXStreet (Moscow) - USD/JPY is at new intraday highs of 103.38; bulls are still in control.
USD/JPY is on the upside quest
USD/JPY is steadily moving higher the whole day on the back of overall USD positive sentiments. The market is positioning for March ISM data to be published later during the American hours. It is expected to grow to 54.0 from 53.2 in February to prove that spring has come to USA economy. Now than the Bank of Japan get things clear about the intention to keep up with QE as long as possible, USD/JPY movements are more US-data dependent as market focus switched to FED monetary policy and QE tapering issues. The cross is climbing to the pivotal resistance level of 103.50. The cluster of offers may put a lid on the intraday rally, while the downside correction is likely to be limited by 103.10/00 area.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.15, with support below at 102.85, 102.48 and 102.18 with resistance above at 103.52, 103.82, and 104.19. Hourly Moving Averages are bullish, with the 200SMA at 102.41 and the daily 20EMA at 102.38. Hourly RSI is neutral at 64
USD/JPY is on the upside quest
USD/JPY is steadily moving higher the whole day on the back of overall USD positive sentiments. The market is positioning for March ISM data to be published later during the American hours. It is expected to grow to 54.0 from 53.2 in February to prove that spring has come to USA economy. Now than the Bank of Japan get things clear about the intention to keep up with QE as long as possible, USD/JPY movements are more US-data dependent as market focus switched to FED monetary policy and QE tapering issues. The cross is climbing to the pivotal resistance level of 103.50. The cluster of offers may put a lid on the intraday rally, while the downside correction is likely to be limited by 103.10/00 area.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.15, with support below at 102.85, 102.48 and 102.18 with resistance above at 103.52, 103.82, and 104.19. Hourly Moving Averages are bullish, with the 200SMA at 102.41 and the daily 20EMA at 102.38. Hourly RSI is neutral at 64