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9 Sep 2013
USD/JPY consolidates around 99.50
FXstreet.com (Córdoba) - After failing to decisively break above the 100.10 area, the USD/JPY turned lower and settled below the 100.00 mark, where it has spent the last hours, unable to set fresh direction.
USD/JPY rejected from above 100.00
USD/JPY found resistance at 100.10 during the Asian session and fell towards 99.30, although it has been unable to fill the weekly opening gap. At time of writing, USD/JPY is trading at the 99.50 zone, 0.2% below its opening price.
USD/JPY levels to watch
The USD/JPY remains under mild pressure with immediate supports at 99.30 (daily low) and the 99.00/05 area (psychological level/Friday’s closing price). On the flips side, resistances line up at 100.10 (daily high) and 100.22 (Sep 6 high).
USD/JPY rejected from above 100.00
USD/JPY found resistance at 100.10 during the Asian session and fell towards 99.30, although it has been unable to fill the weekly opening gap. At time of writing, USD/JPY is trading at the 99.50 zone, 0.2% below its opening price.
USD/JPY levels to watch
The USD/JPY remains under mild pressure with immediate supports at 99.30 (daily low) and the 99.00/05 area (psychological level/Friday’s closing price). On the flips side, resistances line up at 100.10 (daily high) and 100.22 (Sep 6 high).