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29 Apr 2013

Forex: USD/JPY struggles around 98.00

FXstreet.com (Córdoba) - The dollar managed to recover against the yen after falling to a 2-week low to start the week. However, after bottoming out at 97.33, USD/JPY found buyers and managed to erase intraday losses, filling the weekly opening gap in the process.

USD/JPY reached a daily high of 98.19 in recent dealings, also supported by stock gains, but lost momentum and pulled back a tad. At time of writing, the cross is trading around 97.95, where it is virtually unchanged since opening.

In terms of technical levels, immediate supports for the pair are seen at 97.60 (intraday level) and 97.30 (daily low), while resistances could be found at 98.20 (daily high), 98.35 and 98.80 (200-hour SMA).

Apr 29, 2013

US markets advancing firmly, dollar retreats

Equities in the US markets are inching higher on Monday, pushing the S&P500 to record high area propped up by better-than-expected earnings reports and outlooks. The greenback, measured by...

Forex: GBP/JPY rejects 152.15 again

The Sterling has rejected the 152.15 level another time against the Japanese yen with the pair retracing to prices below 152.00. Currently the GBP/JPY is trading at 151.95.