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22 Apr 2014
USD/JPY trades comfortably between 50 and 100 DMA
FXStreet (Guatemala) - USD/JPY is trading at 102.65, up 0.04% on the day, having posted a daily high at 102.74 and low at 102.41.
Although not much happening here,USD/JPY might want to consider developments overnight at some stage when Chief of Japan's Government Investment Pension Fund (GPIF) appointed seven new members to its committee. Strategists at RBS noted that it's probably too early to draw direct market implications but consistent longer term with potential for the large majority share of JGBs in total holdings to decrease steadily. “That's mildly USD/JPY supportive”.
Daily RSI sits at 52.60, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 102.57, up from the last close at 102.08 and climbing. Over the past 20 days, the exponential average closing price is 102.38, and ranging.
USD/JPY Levels
With spot trading at 102.65, we can see next resistance ahead at 102.72 (Yesterday's High), 102.74 (Daily High), 102.76 (Daily Classic R1), 102.87 (Weekly Classic R1) and 102.92 (Daily Classic R2). Support below can be found at 102.62 (Daily Open), 102.61 (Weekly High), 102.58 (Hourly 20 EMA), 102.57 (Daily Classic PP) and 102.42 (Hourly 100 SMA).
Although not much happening here,USD/JPY might want to consider developments overnight at some stage when Chief of Japan's Government Investment Pension Fund (GPIF) appointed seven new members to its committee. Strategists at RBS noted that it's probably too early to draw direct market implications but consistent longer term with potential for the large majority share of JGBs in total holdings to decrease steadily. “That's mildly USD/JPY supportive”.
Daily RSI sits at 52.60, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 102.57, up from the last close at 102.08 and climbing. Over the past 20 days, the exponential average closing price is 102.38, and ranging.
USD/JPY Levels
With spot trading at 102.65, we can see next resistance ahead at 102.72 (Yesterday's High), 102.74 (Daily High), 102.76 (Daily Classic R1), 102.87 (Weekly Classic R1) and 102.92 (Daily Classic R2). Support below can be found at 102.62 (Daily Open), 102.61 (Weekly High), 102.58 (Hourly 20 EMA), 102.57 (Daily Classic PP) and 102.42 (Hourly 100 SMA).