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12 Feb 2014
Is there anything that can push USD/JPY out of the range?
FXStreet (Moscow) - USD/JPY is consolidating in a very narrow 40-pips range in Asia as the currency pair started the day at 102.62 and attempted a move lower to 102.40, but soon returned to the opening levels
USD/JPY still cannot decide where to go
Japan published dismal core machinery orders that fell 15.7% m/m in December. This is much lower that expected -4.1% m/m. The annual growth came at 6.7% against 16.6% in November and forecasted 17.4%. Tretiary industry activity index also disappointed. Theses reports put USD/JPY under pressure in early Tokyo hours, but the downside movement was short-lived and stopped by 5-day MA as USD/JPY is being bough on dips. There are no significant US macro data published today, so we expect that the pair goes on consolidating within the range, limited by medium offers at 102.70 on the upside and importer demand at 102.00 on the downside.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 102.22, 101.83 and 101.58, with resistance above at 102.87, 103.12, and 103.51. Hourly Moving Averages are bullish, with the 200SMA at 101.95 and the daily 20EMA at 102.68. Hourly RSI is neutral at 59.
USD/JPY still cannot decide where to go
Japan published dismal core machinery orders that fell 15.7% m/m in December. This is much lower that expected -4.1% m/m. The annual growth came at 6.7% against 16.6% in November and forecasted 17.4%. Tretiary industry activity index also disappointed. Theses reports put USD/JPY under pressure in early Tokyo hours, but the downside movement was short-lived and stopped by 5-day MA as USD/JPY is being bough on dips. There are no significant US macro data published today, so we expect that the pair goes on consolidating within the range, limited by medium offers at 102.70 on the upside and importer demand at 102.00 on the downside.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 102.22, 101.83 and 101.58, with resistance above at 102.87, 103.12, and 103.51. Hourly Moving Averages are bullish, with the 200SMA at 101.95 and the daily 20EMA at 102.68. Hourly RSI is neutral at 59.