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3 Oct 2013
USD/JPY losing 0.90%/week below 97.30 zone
FXstreet.com (Chicago) - USD/JPY remains below previously violated support and accumulates 0.90% weekly losses so far on US government shutdown extension and yen’s strengthening.
Ahead of BoJ meeting for interest rate decision and Wall Street’s closing, the pair finds grounds. Primary and secondary trends down, the pair prints higher lows and highs despite being capped at 97.36. Earlier today, job market results in the US were mixed.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 97.25 and oscillates between supports at 96.92, 96.42, 95.92 and resistances at 97.44, 98.34 and 99.12. According to the FXstreet.com trend index the pair is below the EMA20.
Ahead of BoJ meeting for interest rate decision and Wall Street’s closing, the pair finds grounds. Primary and secondary trends down, the pair prints higher lows and highs despite being capped at 97.36. Earlier today, job market results in the US were mixed.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 97.25 and oscillates between supports at 96.92, 96.42, 95.92 and resistances at 97.44, 98.34 and 99.12. According to the FXstreet.com trend index the pair is below the EMA20.