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13 Mar 2014
USD/JPY falls below 102.00 as the risk aversion takes the world
FXStreet (San Francisco) - Drums of war are beating faster in Ukraine on Tuesday as Russian troops are taking positions ahead of Sunday referendum; then risk aversion is taking markets and safe havens like Yen, CHF and bonds are rising across the board.
Accordingly, the USD/JPY is falling hard in the latest couple of hours with the pair losing the 102.65 position to trade at lows since March 4 at 101.70. The pair is currently trading 0.93% negative in the day at 101.75; short term perspective remains slightly bearish according to the FXStreet trend index in 15-minute chart.
USD/JPY sentiment
Indicators seem pretty bearish as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish in the 15-minute timeframe too. Below the 101.70, the USD/JPY would face supports at 101.30 and 101.15. On the upside, resistances are seen at 102.40, 102.65 and 102.85.
Accordingly, the USD/JPY is falling hard in the latest couple of hours with the pair losing the 102.65 position to trade at lows since March 4 at 101.70. The pair is currently trading 0.93% negative in the day at 101.75; short term perspective remains slightly bearish according to the FXStreet trend index in 15-minute chart.
USD/JPY sentiment
Indicators seem pretty bearish as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish in the 15-minute timeframe too. Below the 101.70, the USD/JPY would face supports at 101.30 and 101.15. On the upside, resistances are seen at 102.40, 102.65 and 102.85.