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28 Mar 2014

USD/JPY; where did that come from? Up to 102.80

FXStreet (Guatemala) - USD/JPY has rallied on a weak performing Yen and is challenging upside levels of the mid point of the month.

USD/JPY is up on the week as we draw a close to the days gone past which has offered 102.40, and there about, as a tough resistance. Nevertheless, USD/JPY has smashed that into touch and is looking for close on 103 perhaps? The only real explanation here is that equity markets are firm and US bond yields are higher - and of course 1st April means tax hike time!

USD/JPY Levels

The 20 DMA is 102.26, the 50 DMA is 102.42 and the 200 DMA is 100.56. RSI (14) reads 81.44 Supports are 101.49, 101.67, 101.83, 101.99, 102.34 and 102.49. Spot is 102.71 while next resistance is 102.86 ahead of 103.00’s
Mar 28, 2014

EUR/USD rallies to test the 141.50 area

The Euro is rallying against the Japanese Yen fueled by German CPI data and a set of stops triggering around the 141.00 that pushed pair higher.
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Mar 28, 2014

EUR/USD upside sat below 50MA

With EUR/USD making a daily high and low at 1.3774 and 1.3705 respectively, spot is currently trading at 1.3756, up 0.13% on the day so far
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