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20 Sep 2013
USD/JPY rather unchanged holding on to 99.30
FXstreet.com (Chicago) - USD/JPY started weak at Tokyo’s opening after mini-spike to 99.45 to give in minimum 0.07% losses. After an impressive rally to recover last Wednesday’s losses, resting seems to be on.
Wait for BoJ Keruda words?
On data releases, foreign investment in Japanese stocks dropped compared to previous results to settle for 153.5B vs. past 185.4B while foreign bond investment was 921.6B vs. past 72.2B. Ahead of BoJ Governor Kuroda, rumors spread on the tax sales hike taking place next spring, as initially planned, and not this October 2nd after tankan results.
USD/JPY Technical Levels
Stalled above the 99.30 zone, the pair gives in minimum losses worth 0.07%. Offered at 99.38, supports aligned at 99.32 (September 17th highs), 99 (September 17th lows) ahead of 98.73 (September 15th lows) and resistances set at 99.64 (September 18th highs), 99.97 (September 12th highs) followed by 100.23 (September 5th highs). According to the FXstreet.com trend index, the pair is neutral on one-hour timeframe analysis still above the EMA20.
Wait for BoJ Keruda words?
On data releases, foreign investment in Japanese stocks dropped compared to previous results to settle for 153.5B vs. past 185.4B while foreign bond investment was 921.6B vs. past 72.2B. Ahead of BoJ Governor Kuroda, rumors spread on the tax sales hike taking place next spring, as initially planned, and not this October 2nd after tankan results.
USD/JPY Technical Levels
Stalled above the 99.30 zone, the pair gives in minimum losses worth 0.07%. Offered at 99.38, supports aligned at 99.32 (September 17th highs), 99 (September 17th lows) ahead of 98.73 (September 15th lows) and resistances set at 99.64 (September 18th highs), 99.97 (September 12th highs) followed by 100.23 (September 5th highs). According to the FXstreet.com trend index, the pair is neutral on one-hour timeframe analysis still above the EMA20.