7 Feb 2014
USD/JPY is quietly trying to retain the 102 handle.
FXStreet (Guatemala) - USD/JPY, after taking the handle, has been capped on a slow start in Asia ahead of a busy schedule ahead.
EUR/JPY lead the way and USD/JPY is somewhat bid while the markets will now focus on data from the US. Nonfarm payrolls grew at just 74K in December, the market consensus for January stands at a healthier 180K”. Meanwhile strategists at RBS explained softening growth indicators should reinforce the Fed's commitment to providing lower for longer and enhance the credibility of its forward guidance. Strategists at TD Securities noted that we might still get some volatility around the NFP data…but the overall message from this week’s data is that the Fed will keep its toe on the taper brake for now”.
USD/JPY Levels
The 20 DMA is 103.22, the 50 DMA is 103.47 and the 200 DMA is 100.07. RSI (14) reads 58.52. Supports are ascending from 100.26, 100.62, 101.07, 101.30, 101.58, 101.77, 101.95. Spot is 102.05 and resistances are 102.20, 102.41 and 102.80.
EUR/JPY lead the way and USD/JPY is somewhat bid while the markets will now focus on data from the US. Nonfarm payrolls grew at just 74K in December, the market consensus for January stands at a healthier 180K”. Meanwhile strategists at RBS explained softening growth indicators should reinforce the Fed's commitment to providing lower for longer and enhance the credibility of its forward guidance. Strategists at TD Securities noted that we might still get some volatility around the NFP data…but the overall message from this week’s data is that the Fed will keep its toe on the taper brake for now”.
USD/JPY Levels
The 20 DMA is 103.22, the 50 DMA is 103.47 and the 200 DMA is 100.07. RSI (14) reads 58.52. Supports are ascending from 100.26, 100.62, 101.07, 101.30, 101.58, 101.77, 101.95. Spot is 102.05 and resistances are 102.20, 102.41 and 102.80.