21 Jul 2014
USD/JPY is nervous about geopolitical tensions
FXStreet (Moscow) - USD/JPY opened at 101.32, and gradually moved lower reaching 101.19 in the morning, and rebounding just above 101.20 at the moment.
Marine Day is not a verdict
Monday is not going to be very exciting given the lack of economic data. Nevertheless, the coming week will bring interesting news out of Japan including trade, activity and inflation data. Today is Marine Day in Japan, thus, the only catalyst for today may be market sentiment. With geopolitical tensions rising in too many parts of the world, the risk aversive moods may come back to the stage. In this case the pair may come under additional pressure with initial target at 100.93 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.30, with support below at 101.14, 100.93 and 100.77 with resistance above at 101.52, 101.68, and 101.89. Hourly Moving Averages are bearish, with the 200SMA at 101.49 and the daily 20EMA at 101.63. Hourly RSI is bearish at 40.
Marine Day is not a verdict
Monday is not going to be very exciting given the lack of economic data. Nevertheless, the coming week will bring interesting news out of Japan including trade, activity and inflation data. Today is Marine Day in Japan, thus, the only catalyst for today may be market sentiment. With geopolitical tensions rising in too many parts of the world, the risk aversive moods may come back to the stage. In this case the pair may come under additional pressure with initial target at 100.93 support level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.30, with support below at 101.14, 100.93 and 100.77 with resistance above at 101.52, 101.68, and 101.89. Hourly Moving Averages are bearish, with the 200SMA at 101.49 and the daily 20EMA at 101.63. Hourly RSI is bearish at 40.