Back
30 Sep 2013
USD/JPY at fresh daily highs
FXstreet.com (Córdoba) - The USD/JPY bounced strongly from a 1-month low rallied nearly 100 pips and during the American session amid news US Senate Republicans discussing a one-week stopgap funding bill that would allow more time for negotiations to avoid a government shutdown.
USD/JPY reached a fresh daily high of 98.45 in recent dealings but stalled just ahead of the 100-hour SMA and it was last up 0.8% at the 98.40 zone, having been as low as 97.49.
USD/JPY levels to watch
In terms of technical levels, USD/JPY resistances line up at 98.50 (100-hour SMA) and 98.73 (200-hour SMA) ahead of 99.00 (psychological level). On the other hand, supports are seen at 97.49 (daily low), 97.00 (psychological level) and 96.80 (Aug 28 low).
USD/JPY reached a fresh daily high of 98.45 in recent dealings but stalled just ahead of the 100-hour SMA and it was last up 0.8% at the 98.40 zone, having been as low as 97.49.
USD/JPY levels to watch
In terms of technical levels, USD/JPY resistances line up at 98.50 (100-hour SMA) and 98.73 (200-hour SMA) ahead of 99.00 (psychological level). On the other hand, supports are seen at 97.49 (daily low), 97.00 (psychological level) and 96.80 (Aug 28 low).