28 Apr 2014
USD/JPY rises further, approaches last week highs
FXStreet (Córdoba) - The USD/JPY rose further after the beginning of the US session and climbed to 102.61, hitting the highest price since last Thursday and approached last week highs that lie at 102.71. Afterwards bounced to the downside and currently trades at 102.46, 0.27% up for the day.
The US dollar is rising for the first time against the Yen since last Monday. The Japanese currency is among the worst performers across the board.
Technical levels for the USD/JPY
According to http://www.fxstreet.com/analysis/forex-market-pulse/2014/04/28/03/">Kenny Fisher, analyst at MarketPulse to the downside the strong support level lies at 101.19 and below here at 100.00 and 99.57. While to the upside, Fisher notes that the immediate stronger resistance is 103.07 followed by 104.17.
The US dollar is rising for the first time against the Yen since last Monday. The Japanese currency is among the worst performers across the board.
Technical levels for the USD/JPY
According to http://www.fxstreet.com/analysis/forex-market-pulse/2014/04/28/03/">Kenny Fisher, analyst at MarketPulse to the downside the strong support level lies at 101.19 and below here at 100.00 and 99.57. While to the upside, Fisher notes that the immediate stronger resistance is 103.07 followed by 104.17.