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1 Jul 2014
USD/JPY holding in the lows
FXStreet (Guatemala) - USD/JPY is trading at 101.30, down -0.02% on the day, having posted a daily high at 101.36 and low at 101.29.
USD/JPY remains weak on the flows seen of last week s business with end of month rebalancing given the high performances of the S&P of June and repatriation of profits. Meanwhile we have the Nikkei that has opened up higher with a rise of 67.10 points, and the Tankan surveys in manufacturing relatively in line with expectations of improvements on the quarter.
USD/JPY Levels
Spot is presently trading at 101.31, and next resistance can be seen at 101.33 (Monthly Low), (Weekly Low), (Daily Open), 101.34 (Hourly 20 EMA) and 101.36 (Daily High). Next support to the downside can be found at 101.29 (Daily Low), 101.24 (Daily Classic S1), 101.24 (Yesterday's Low), 101.09 (Weekly Classic S1) and 101.06 (Daily Classic S2).
USD/JPY remains weak on the flows seen of last week s business with end of month rebalancing given the high performances of the S&P of June and repatriation of profits. Meanwhile we have the Nikkei that has opened up higher with a rise of 67.10 points, and the Tankan surveys in manufacturing relatively in line with expectations of improvements on the quarter.
USD/JPY Levels
Spot is presently trading at 101.31, and next resistance can be seen at 101.33 (Monthly Low), (Weekly Low), (Daily Open), 101.34 (Hourly 20 EMA) and 101.36 (Daily High). Next support to the downside can be found at 101.29 (Daily Low), 101.24 (Daily Classic S1), 101.24 (Yesterday's Low), 101.09 (Weekly Classic S1) and 101.06 (Daily Classic S2).