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27 May 2014
USD/JPY testing 102 handle
FXStreet (Guatemala) - Currently, USD/JPY is trading at 101.96, up 0.03% on the day, having posted a daily high at 101.98 and low at 101.88.
Despite the Nikkei opening down 0.09%, we finally got some movement to the upside, testing the 102 handle. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. Meanwhile, the Bank of Japan has started informal discussion for a possible exit strategy its quantitative and qualitative monetary easing program, as reported by Reuters.
USD/JPY Levels
Spot is presently trading at 101.96, and next resistance can be seen at 101.97 (Daily High), 101.97 (Weekly High), 102.07 (Yesterday's High), 102.13 (Daily Classic R1) and 102.29 (Daily Classic R2). Next support to the downside can be found at 101.94 (Daily Open), 101.91 (Hourly 20 EMA), 101.88 (Daily Low), 101.87 (Daily 20 SMA) and 101.86 (Daily Classic PP).
Despite the Nikkei opening down 0.09%, we finally got some movement to the upside, testing the 102 handle. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. Meanwhile, the Bank of Japan has started informal discussion for a possible exit strategy its quantitative and qualitative monetary easing program, as reported by Reuters.
USD/JPY Levels
Spot is presently trading at 101.96, and next resistance can be seen at 101.97 (Daily High), 101.97 (Weekly High), 102.07 (Yesterday's High), 102.13 (Daily Classic R1) and 102.29 (Daily Classic R2). Next support to the downside can be found at 101.94 (Daily Open), 101.91 (Hourly 20 EMA), 101.88 (Daily Low), 101.87 (Daily 20 SMA) and 101.86 (Daily Classic PP).