20 Aug 2013
USD/JPY struggling around 97.00
FXstreet.com (Córdoba) - The USD/JPY oscillated within a 50-pip range after the release of the latest string of US data, but quickly returned to pre-data levels.
USD/JPY rose to the 97.45 area only to fall back to the 97.00 mark before finding support and stabilizing around 97.10, where it is still 0.4% below its opening price.
USD/JPY with 96.00 at sight
“Nikkei closed in red, adding to yen gains against most rivals, and the lack of strength seen in local share markets may also take its toll over the upcoming hours, with the 96.00 figure now at sight for today”, said Valeria Bednarik, chief analyst at FXstreet.com.
Bednarik locates immediate support levels at 96.90, 96.50 and 96.10, while she places resistances at 97.30, 97.85 and 98.20.
USD/JPY rose to the 97.45 area only to fall back to the 97.00 mark before finding support and stabilizing around 97.10, where it is still 0.4% below its opening price.
USD/JPY with 96.00 at sight
“Nikkei closed in red, adding to yen gains against most rivals, and the lack of strength seen in local share markets may also take its toll over the upcoming hours, with the 96.00 figure now at sight for today”, said Valeria Bednarik, chief analyst at FXstreet.com.
Bednarik locates immediate support levels at 96.90, 96.50 and 96.10, while she places resistances at 97.30, 97.85 and 98.20.