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29 May 2013
USD/JPY back below 101.00, hits 2-day low
FXstreet.com (Córdoba) - USD/JPY extended the decline during the New York session and printed a marginal new low for the day sub 101.00.
USD/JPY dropped to a 2-day low of 100.70 in recent dealings but found support and it is taken a breather around 100.85, where it records a 1.5% loss on the day, following a sharp sell-off.
"Technical indicators stand in negative territory while bigger time frames show technical indicators turning south, supporting the shorter term view", says Valeria Bednarik, analyst at FXstreet.com. "Break below 100.65, this week low should anticipate further slides with 99.70 then at sight".
USD/JPY dropped to a 2-day low of 100.70 in recent dealings but found support and it is taken a breather around 100.85, where it records a 1.5% loss on the day, following a sharp sell-off.
"Technical indicators stand in negative territory while bigger time frames show technical indicators turning south, supporting the shorter term view", says Valeria Bednarik, analyst at FXstreet.com. "Break below 100.65, this week low should anticipate further slides with 99.70 then at sight".