2 Sep 2013
USD/JPY supported 99.10
FXstreet.com (NA) - USD/JPY has found bids at 99.10 having drifted from overnight highs 99.44.
“A near-term reduction in Syria tensions as we now await the US Congressional vote appeared to help lift European equities this morning and simultaneously knock the…JPY lower”. – Stephen Gallo, European Head of FX Strategy. Meanwhile, this week, the US payrolls are in focus and will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold.”
USD/JPY bullish bias
20 DMA 97.65, 50 DMA 98.68, 200 DMA 94.69. RSI (14) 67.5. Supports are ascending from 98.58 98.75 98.84 99.15. Spot reads 99.26. Resistance are 99.50 with eyes towards the 100.00 psychological handle and the 101.50 June high in focus.
“A near-term reduction in Syria tensions as we now await the US Congressional vote appeared to help lift European equities this morning and simultaneously knock the…JPY lower”. – Stephen Gallo, European Head of FX Strategy. Meanwhile, this week, the US payrolls are in focus and will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold.”
USD/JPY bullish bias
20 DMA 97.65, 50 DMA 98.68, 200 DMA 94.69. RSI (14) 67.5. Supports are ascending from 98.58 98.75 98.84 99.15. Spot reads 99.26. Resistance are 99.50 with eyes towards the 100.00 psychological handle and the 101.50 June high in focus.