25 Jun 2014
USD/JPY eases from a high of 102.15 on falling US yields - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that dropping US yields resulted in the USD/JPY easing from a high of 102.15 on Tuesday.
Key quotes
"The hourly chart is showing price around 100 and 200 SMAs, both at current levels, and indicators turning south and approaching their midlines."
"In the 4 hours chart, technical readings present a slightly bullish tone, albeit considering the tight range the pair presents since early June, the bias is still neutral."
Key quotes
"The hourly chart is showing price around 100 and 200 SMAs, both at current levels, and indicators turning south and approaching their midlines."
"In the 4 hours chart, technical readings present a slightly bullish tone, albeit considering the tight range the pair presents since early June, the bias is still neutral."