23 Jul 2013
USD/JPY briefly rises above 100.00
FXstreet.com (Córdoba) - Having recovered from a 1-week low, the USD/JPY picked up momentum and advanced to fresh daily highs above 100.00, underpinned by higher US yields.
USD/JPY bottomed out at a low of 99.14 during the Asian session, and following a consolidation phase, the pair found buyers and rose to a high of 100.05 before easing slightly. At time of writing, USD/JPY is trading at the 99.95 zone, where it is 0.3% above its opening price.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks above 100.05, next resistances could be found at 100.60 (Jul 22 high) and 100.85 (Jul 19 high), while on the other hand supports are seen at 99.14 (daily low) and 99.00 (psychological level).
USD/JPY bottomed out at a low of 99.14 during the Asian session, and following a consolidation phase, the pair found buyers and rose to a high of 100.05 before easing slightly. At time of writing, USD/JPY is trading at the 99.95 zone, where it is 0.3% above its opening price.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks above 100.05, next resistances could be found at 100.60 (Jul 22 high) and 100.85 (Jul 19 high), while on the other hand supports are seen at 99.14 (daily low) and 99.00 (psychological level).