11 Jul 2013
USD/JPY breaks below 99 again after BoJ
FXstreet.com (Barcelona) - The USD/JPY foreign exchange rate is last trading at 98.88, off recent session lows at 98.15, currently falling on the back of BoJ leaving monetary policy base unchanged.
USD/JPY lower on BoJ policy unchanged
The USD/JPY managed to bounce from mentioned fresh weekly lows printed after FED Bernanke's comments rising doubts over the near end of QE, also helped on much better than expected Japan core machinery orders, topping at 99.63 after that.
USD/JPY key technical levels
Immediate support to the downside for USD/JPY lies at recent session/weekly lows 98.15, followed by June 26 lows at 97.24, and June 25 lows at 96.95. To the upside, closest resistance shows at July 03 lows 99.23, followed by June 10 highs at 99.30, and July 04 lows at 99.50.
USD/JPY lower on BoJ policy unchanged
The USD/JPY managed to bounce from mentioned fresh weekly lows printed after FED Bernanke's comments rising doubts over the near end of QE, also helped on much better than expected Japan core machinery orders, topping at 99.63 after that.
USD/JPY key technical levels
Immediate support to the downside for USD/JPY lies at recent session/weekly lows 98.15, followed by June 26 lows at 97.24, and June 25 lows at 96.95. To the upside, closest resistance shows at July 03 lows 99.23, followed by June 10 highs at 99.30, and July 04 lows at 99.50.