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15 May 2014
USD/JPY consolidates Wednesday's losses at 101.82
FXStreet (Moscow) - USD/JPY is sidelined at the opening level after a brief dip to Asian low of 101.64.
Black Wednesday
Bad day for USD/JPY as the pair lost everything it had gained during the previous two days and settled below 102.00. Risk factors are in play. They are the key drivers for the Japanese currency nowadays as geopolitical situation is really worrisome. Today Asian investors looked the other way when Japan published its positive GDP numbers, moreover, they turned deaf ear to mildly optimistic Kuroda comments. It means that currently macroeconomics is outside their area of interest. Later during European session listen to geopolitical news and watch the support level of 101.55. Once it is broken, the downside will accelerate to 101.20. The resistance is seen at 102.00.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.97, with support below at 101.64, 101.39 and 101.06 with resistance above at 102.22, 102.55, and 102.80. Hourly Moving Averages are mixed, with the 200SMA at 101.92 and the daily 20EMA at 102.14. Hourly RSI is bearish at 44
Black Wednesday
Bad day for USD/JPY as the pair lost everything it had gained during the previous two days and settled below 102.00. Risk factors are in play. They are the key drivers for the Japanese currency nowadays as geopolitical situation is really worrisome. Today Asian investors looked the other way when Japan published its positive GDP numbers, moreover, they turned deaf ear to mildly optimistic Kuroda comments. It means that currently macroeconomics is outside their area of interest. Later during European session listen to geopolitical news and watch the support level of 101.55. Once it is broken, the downside will accelerate to 101.20. The resistance is seen at 102.00.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.97, with support below at 101.64, 101.39 and 101.06 with resistance above at 102.22, 102.55, and 102.80. Hourly Moving Averages are mixed, with the 200SMA at 101.92 and the daily 20EMA at 102.14. Hourly RSI is bearish at 44