31 Jul 2013
USD/JPY bid on London open
FXstreet.com (Barcelona) - USD/JPY has been drifting lower over the past couple of sessions, breaking the 0.9800 handle overnight.
The Yen has been stronger on the anticipation of repatriation flows ahead for August, but for the mean time, USD/JPY is being supported in the opening hour of London’s markets ahead of a busy day for the dollar. Today see’s US GDP, ADP employment and FOMC.
USD/JPY mixed
USD/JPY had been sitting near to the base of the cloud exposing 96.75/95/40 areas and risk to 93.75 recent low. The pair is ticking up in London while 100.61 resistances have recently blocked rallies. Levels are in the 20d ma 99.58, 50d ma 98.93, 200 d ma 92.79, with RSI (9) at 38.92. Supports are from 96.95, 97.58, 97.64, and 97.76, while spot is testing 98.00 on the London open with resistances now 98.34, 98.47, 98.71, and 99.00.
The Yen has been stronger on the anticipation of repatriation flows ahead for August, but for the mean time, USD/JPY is being supported in the opening hour of London’s markets ahead of a busy day for the dollar. Today see’s US GDP, ADP employment and FOMC.
USD/JPY mixed
USD/JPY had been sitting near to the base of the cloud exposing 96.75/95/40 areas and risk to 93.75 recent low. The pair is ticking up in London while 100.61 resistances have recently blocked rallies. Levels are in the 20d ma 99.58, 50d ma 98.93, 200 d ma 92.79, with RSI (9) at 38.92. Supports are from 96.95, 97.58, 97.64, and 97.76, while spot is testing 98.00 on the London open with resistances now 98.34, 98.47, 98.71, and 99.00.