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15 Aug 2013
USD/JPY comfortable above 98.00
FXstreet.com (Barcelona) - USD/JPY has managed to pierce through the 98.00 level in London markets.
The USD/JPY is fighting back in London after a dovish Bullard opened the Asia-Pac region. The JPY also enjoyed bids after Finance Minister Also expressed doubts that a corporate tax cut would benefit the economy. The dollar will be in focus again later today as CPI for the US comes out as well as jobs data.
USD/JPY positioning above the 98.00 handle
The 20 dma is 98.31, the 50 dma is 98.33, and the 200 dma is 93.77. RSI 14) reads 47. Supports are ascending from 96.65, 96.88, 97.14 and 97.39 and 97.60. Spot is currently 98.06 while resistances are 98.30, 98.43, 98.59 and 98.78.
The USD/JPY is fighting back in London after a dovish Bullard opened the Asia-Pac region. The JPY also enjoyed bids after Finance Minister Also expressed doubts that a corporate tax cut would benefit the economy. The dollar will be in focus again later today as CPI for the US comes out as well as jobs data.
USD/JPY positioning above the 98.00 handle
The 20 dma is 98.31, the 50 dma is 98.33, and the 200 dma is 93.77. RSI 14) reads 47. Supports are ascending from 96.65, 96.88, 97.14 and 97.39 and 97.60. Spot is currently 98.06 while resistances are 98.30, 98.43, 98.59 and 98.78.