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19 May 2014
USD/JPY bears are at the driver's seat
FXStreet (Moscow) - USD/JPY has recovered from the Asian lows of 101.23, but the bearish pressure is still strong
USD/JPY may listen to officials
The coming week is not so exiting on the fundamental side, leaving the pair with US credit market moves and the FED officials talks – seven Federal Reserve Bank Presidents are scheduled to speak. Any new hints on the economic outlook especially on the back of growing market fears about the USA recovery weakness may trigger some volatility in the pair. Besides, we have FOMC minutes on the agenda. However, nothing significant is expected here, as the recent post-decision statement in April was not different from the previous one. The upside of the pair may be limited by 101.65/70, and the downside – by 101.00 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.51, with support below at 101.35, 101.19 and 101.02 with resistance above at 101.68, 101.85, and 102.01. Hourly Moving Averages are mixed, with the 200SMA at 101.81 and the daily 20EMA at 102.14. Hourly RSI is bullish at 51
USD/JPY may listen to officials
The coming week is not so exiting on the fundamental side, leaving the pair with US credit market moves and the FED officials talks – seven Federal Reserve Bank Presidents are scheduled to speak. Any new hints on the economic outlook especially on the back of growing market fears about the USA recovery weakness may trigger some volatility in the pair. Besides, we have FOMC minutes on the agenda. However, nothing significant is expected here, as the recent post-decision statement in April was not different from the previous one. The upside of the pair may be limited by 101.65/70, and the downside – by 101.00 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.51, with support below at 101.35, 101.19 and 101.02 with resistance above at 101.68, 101.85, and 102.01. Hourly Moving Averages are mixed, with the 200SMA at 101.81 and the daily 20EMA at 102.14. Hourly RSI is bullish at 51