15 Oct 2013
USD/JPY cracks down to 97.99 session lows
FXstreet.com (Chicago) - USD/JPY fell on Pelosi’s comments after apparently failed negotiations sending the pair to 97.99 grounds.
Ratings down?
Price action reveals a pair that breaks below immediate support on Pelosi’s comments to default decision after negotiations all day. The yen appreciates against the dollar that holds on to 98 zone after cracking to 97.99 session lows. Fitch recently announced the US may see its AAA rating cut off ahead of October 17th deadline.
USD/JPY Technical Levels
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and trades at 98.14 oscillating below immediate support at 98.34 (October 10th highs) to now face 97.83 (October 3rd highs) and 97.44 (October 4th highs) and the resistances set at 98.75 (September 29th highs), 99.16 (September 26th highs) followed by 99.68 (September 19th highs).
Ratings down?
Price action reveals a pair that breaks below immediate support on Pelosi’s comments to default decision after negotiations all day. The yen appreciates against the dollar that holds on to 98 zone after cracking to 97.99 session lows. Fitch recently announced the US may see its AAA rating cut off ahead of October 17th deadline.
USD/JPY Technical Levels
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and trades at 98.14 oscillating below immediate support at 98.34 (October 10th highs) to now face 97.83 (October 3rd highs) and 97.44 (October 4th highs) and the resistances set at 98.75 (September 29th highs), 99.16 (September 26th highs) followed by 99.68 (September 19th highs).