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10 Sep 2013
USD/JPY consolidates above 100.15 in the American opening bell
FXstreet.com (San Francisco) - After breaking the 100.20 resistance and reaching the highest level since July 24 at 100.35, the USD/JPY remains trading sideways in consolidation mode just above the 100.15 price.
The USD/JPY is joining a overall risk appetite environment across the currency market as the Chinese economic calendar offered a new set of upbeat data and the Syria conflict seems to be taking a third-no-war way.
USD/JPY bias
Currently the US dollar is trading at 100.32 against the Japan Yen, 0.75% positive on the day. The pair seems to be ready to attempt further highs as the short term remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
Above the 100.35, next resistances are at 100.80 and 101.45. On the downside, the USD/JPY would face supports at 100.15, 99.75 and 99.35.
The USD/JPY is joining a overall risk appetite environment across the currency market as the Chinese economic calendar offered a new set of upbeat data and the Syria conflict seems to be taking a third-no-war way.
USD/JPY bias
Currently the US dollar is trading at 100.32 against the Japan Yen, 0.75% positive on the day. The pair seems to be ready to attempt further highs as the short term remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
Above the 100.35, next resistances are at 100.80 and 101.45. On the downside, the USD/JPY would face supports at 100.15, 99.75 and 99.35.