Back
19 Apr 2013
Forex: USD/JPY hits 8-day high into the close
FXstreet.com (Córdoba) - After a phase of consolidation, USD/JPY saw a quick spike during the American afternoon and reached a fresh 1-week high after comments from Japan Fin Min Aso and BoJ Governor Kuroda reiterating that BoJ monetary policy gained broad understanding among G20 members.
USD/JPY rose nearly 50 pips within the last minutes and touched its highest in 8 days at 99.67 before losing momentum. At time of writing, USD/JPY is trading around 99.50 where it records a 1.4% gain on the day.
In terms of technical levels, next resistances could be found at 99.80 (Apr 12 high), 99.95 (2013 high Apr 11) and 100.00 (psychological level). On the other hand, supports on dips are seen at 99.00 (psychological level) and 98.60 (200-hour SMA).
USD/JPY rose nearly 50 pips within the last minutes and touched its highest in 8 days at 99.67 before losing momentum. At time of writing, USD/JPY is trading around 99.50 where it records a 1.4% gain on the day.
In terms of technical levels, next resistances could be found at 99.80 (Apr 12 high), 99.95 (2013 high Apr 11) and 100.00 (psychological level). On the other hand, supports on dips are seen at 99.00 (psychological level) and 98.60 (200-hour SMA).