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11 Feb 2014
USD/JPY quiet with Tokyo out, awaits Yellen
FXStreet (Guatemala) - USD/JPY rests around 102.20 with Tokyo out in observance of National Foundation Day.
USD/JPY has been falling back onto 102.00 ahead of 101.99 as Japan’s current account deficit widened to a record level. But nevertheless, the Yen has actually faired as one of the top currencies at the start of the week over the last few sessions. Meanwhile, Strategist at RBS noted that this week sees new Fed Chair Yellen update markets on the outlook for monetary policy during her Semi Annual testimony. “We expect her to embed the Fed's dovish policy stance”.
USD/JPY Levels
The 20 DMA is 103.00, the 50 DMA is 103.47 and the 200 DMA is 100.11. RSI (14) reads 46.83. Supports are ascending from 101.25, 101.35, 101.77. Spot is 102.14 while resistances are, 102.77, 102.94, 103.11 and 103.45.
USD/JPY has been falling back onto 102.00 ahead of 101.99 as Japan’s current account deficit widened to a record level. But nevertheless, the Yen has actually faired as one of the top currencies at the start of the week over the last few sessions. Meanwhile, Strategist at RBS noted that this week sees new Fed Chair Yellen update markets on the outlook for monetary policy during her Semi Annual testimony. “We expect her to embed the Fed's dovish policy stance”.
USD/JPY Levels
The 20 DMA is 103.00, the 50 DMA is 103.47 and the 200 DMA is 100.11. RSI (14) reads 46.83. Supports are ascending from 101.25, 101.35, 101.77. Spot is 102.14 while resistances are, 102.77, 102.94, 103.11 and 103.45.