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11 Feb 2014
USD/JPY determined on the bid
FXStreet (Guatemala) - USD/JPY has made a concentrated advance past Fridays closing high and is attempting an hourly close to the upside.
Despite Yellen alarming markets to some degree, with her statements around a deteriorating outlook for the job market or serious concerns over too-low inflation could cause shift in policy, and a pause would be considered if notable change in the outlook, the USD/JPY is posting the session s high at 102.72.
USD/JPY Levels
The 20 DMA is 102.96, the 50 DMA is 103.47 and the 200 DMA is 100.13. RSI (14) reads 66.82. Supports are ascending from 101.35, 101.77, 101.89, 101.99. Spot is 102.64 while resistances are, 102.65, 102.77 and 102.94.
Despite Yellen alarming markets to some degree, with her statements around a deteriorating outlook for the job market or serious concerns over too-low inflation could cause shift in policy, and a pause would be considered if notable change in the outlook, the USD/JPY is posting the session s high at 102.72.
USD/JPY Levels
The 20 DMA is 102.96, the 50 DMA is 103.47 and the 200 DMA is 100.13. RSI (14) reads 66.82. Supports are ascending from 101.35, 101.77, 101.89, 101.99. Spot is 102.64 while resistances are, 102.65, 102.77 and 102.94.