5 Mar 2014
USD/JPY attempting 102.30 support
FXStreet (Guatemala) - USD/JPY has been consolidated in a 10 pip range but is attempting the downside on the 102 handle through 102.30 support.
The beige book showed that the economy slowed in two of the 12 districts and mostly due to the weather. Employment improved gradually in most districts. Earlier, US Non-manufacturing ISM fells to 51.6 and came in much weaker than expected. The employment index tumbled to 47.5 in February from 56.4 in January which may put pressure on the Fed.
USD/JPY Levels
The 20 DMA is 102.16, the 50 DMA is 103.17 and the 200 DMA is 100.19. RSI (14) reads 50.31. Supports are ascending from 101.35, 101.59, 101.74, 102.09 and 102.30. Spot is 102.57with next resistance at 102.68 and 102.85.
The beige book showed that the economy slowed in two of the 12 districts and mostly due to the weather. Employment improved gradually in most districts. Earlier, US Non-manufacturing ISM fells to 51.6 and came in much weaker than expected. The employment index tumbled to 47.5 in February from 56.4 in January which may put pressure on the Fed.
USD/JPY Levels
The 20 DMA is 102.16, the 50 DMA is 103.17 and the 200 DMA is 100.19. RSI (14) reads 50.31. Supports are ascending from 101.35, 101.59, 101.74, 102.09 and 102.30. Spot is 102.57with next resistance at 102.68 and 102.85.