13 Feb 2014
USD/JPY is under pressure from Nikkei lows
FXstreet.com (Moscow) – USD/JPY is under pressure during Asian session reaching 102.02 low at the moment.
USD/JPY may got hit by Retail Sales
The pair came under pressure right at the opening pressured by weak Nikkei that already posted new session lows at 14,488.32. USD/JPY was locked in the range 102.20-102.70, and managed to break lower in the morning. The move down may speed up, as we have interesting catalyst for tonight, and it won’t be Yellen before the Senate. In most cases, the second day in the Congress is almost identical to the first one, thus we don’t expect any significant moves during the testimony. The retail sales report promises to be much more interesting by market reaction. Judging by the labor market data, and consumer confidence indexes, the possibility of weak numbers is quite high. Thus, the pair may continue the slide down with initial target at 101.76 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 102.24, 101.99 and 101.76, with resistance above at 102.72, 102.95, and 103.20. Hourly Moving Averages are mostly bearish, with the 200SMA at 101.94 and the daily 20EMA at 102.66. Hourly RSI is neutral at 40.
USD/JPY may got hit by Retail Sales
The pair came under pressure right at the opening pressured by weak Nikkei that already posted new session lows at 14,488.32. USD/JPY was locked in the range 102.20-102.70, and managed to break lower in the morning. The move down may speed up, as we have interesting catalyst for tonight, and it won’t be Yellen before the Senate. In most cases, the second day in the Congress is almost identical to the first one, thus we don’t expect any significant moves during the testimony. The retail sales report promises to be much more interesting by market reaction. Judging by the labor market data, and consumer confidence indexes, the possibility of weak numbers is quite high. Thus, the pair may continue the slide down with initial target at 101.76 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 102.24, 101.99 and 101.76, with resistance above at 102.72, 102.95, and 103.20. Hourly Moving Averages are mostly bearish, with the 200SMA at 101.94 and the daily 20EMA at 102.66. Hourly RSI is neutral at 40.