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21 May 2014
USD/JPY unchanged on the open, awaits BoJ
FXStreet (Guatemala) - USD/JPY is trading at 101.25, down -0.06% on the day, having posted a daily high at 101.37 and low at 101.23.
Japans trade deficit narrowed to Y808.9B vs 646.3B expected which is an improvement, yet the USD/JPY is unchanged. Sean Callow, strategist at Westpac Banking Corporation ABN explained that the Bank of Japan should be firmly on hold as its two day meeting concludes today. The announcement should be any time from about 12:30pm Syd/10:30am Sing/HK, with the Kuroda press conference set for4:30pm Syd”
USD/JPY Levels
Current price is 101.25, with resistance ahead at 101.33 (Daily Open), 101.33 (Hourly 20 EMA), 101.37 (Daily High), 101.40 (Daily Classic PP) and 101.50 (Monthly Low). Next support to the downside can be found at 101.23 (Daily Low), 101.22 (Daily 200 SMA), 101.20 (Daily Classic S1), 101.19 (Yesterday's Low) and 101.08 (Weekly Classic S1).
Japans trade deficit narrowed to Y808.9B vs 646.3B expected which is an improvement, yet the USD/JPY is unchanged. Sean Callow, strategist at Westpac Banking Corporation ABN explained that the Bank of Japan should be firmly on hold as its two day meeting concludes today. The announcement should be any time from about 12:30pm Syd/10:30am Sing/HK, with the Kuroda press conference set for4:30pm Syd”
USD/JPY Levels
Current price is 101.25, with resistance ahead at 101.33 (Daily Open), 101.33 (Hourly 20 EMA), 101.37 (Daily High), 101.40 (Daily Classic PP) and 101.50 (Monthly Low). Next support to the downside can be found at 101.23 (Daily Low), 101.22 (Daily 200 SMA), 101.20 (Daily Classic S1), 101.19 (Yesterday's Low) and 101.08 (Weekly Classic S1).