25 Oct 2013
USD/JPY remains capped by 97.50
FXstreet.com (Córdoba) - The USD/JPY pushed to fresh daily highs during the American afternoon as US stocks advance in Wall Street.
The USD/JPY managed to recover from levels sub-97.00 hit during the European session, and having erased intraday losses it recently printed a fresh high at 97.49. However, momentum was lacking and the pair retreated somewhat to currently trade around 97.35, still 0.1% above its opening price. From a wider view however, the USD/JPY is on track to close the week with a net loss of 0.5% having suffered in the wake of disappointing US NFP published earlier this week.
USD/JPY levels to watch
As for technical levels, the USD/JPY could find immediate supports at 96.93 (daily low) and 96.56 (Oct 8 low), while resistances line up at 97.50 (daily high) and 97.75 (20-day SMA).
The USD/JPY managed to recover from levels sub-97.00 hit during the European session, and having erased intraday losses it recently printed a fresh high at 97.49. However, momentum was lacking and the pair retreated somewhat to currently trade around 97.35, still 0.1% above its opening price. From a wider view however, the USD/JPY is on track to close the week with a net loss of 0.5% having suffered in the wake of disappointing US NFP published earlier this week.
USD/JPY levels to watch
As for technical levels, the USD/JPY could find immediate supports at 96.93 (daily low) and 96.56 (Oct 8 low), while resistances line up at 97.50 (daily high) and 97.75 (20-day SMA).