10 Dec 2013
USD/JPY declines from morning high
FXstreet.com (Barcelona) - USD/JPY ranged overnight, before climbing to post a high at 103.39 and declining to post a morning low at 103.06, just below its current position at 103.19, down -0.09% on the day.
Yen slide on GPIF headlines before reversing
In early hours, USD/JPY climbed on headlines which stated that “Japan’s GPIF to make investment with foreign public pension fund / in overseas infrastructure.” The move saw spot break out of its tight overnight range before meeting resistance just below the daily R1 resistance at 103.45. Gerry Davies of FXBeat comments that “There are reports of a large Tokyo-based Japanese bank having sold decent amounts of GBP/JPY.” which will have had a knock on effect on related pairs.
What are today’s key USD/JPY levels?
Today’s central pivot point is at 103.1722, with support below at 103.0043 (S1), 102.7172 (S2) and 102.5493 (S3), and resistance ahead at 103.4593 (R1), 103.6272 (R2) and 103.9143 (R3). Special attention should be paid to the range 103.16-103.50 where several technical levels are clustered.
Yen slide on GPIF headlines before reversing
In early hours, USD/JPY climbed on headlines which stated that “Japan’s GPIF to make investment with foreign public pension fund / in overseas infrastructure.” The move saw spot break out of its tight overnight range before meeting resistance just below the daily R1 resistance at 103.45. Gerry Davies of FXBeat comments that “There are reports of a large Tokyo-based Japanese bank having sold decent amounts of GBP/JPY.” which will have had a knock on effect on related pairs.
What are today’s key USD/JPY levels?
Today’s central pivot point is at 103.1722, with support below at 103.0043 (S1), 102.7172 (S2) and 102.5493 (S3), and resistance ahead at 103.4593 (R1), 103.6272 (R2) and 103.9143 (R3). Special attention should be paid to the range 103.16-103.50 where several technical levels are clustered.