17 Sept 2014 USD/JPY Analysis


 

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, 107 retested as support

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, Resistance at 107.26

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, Bears not strong on the short term as moving averages act as supports

USD strength across the board weakened after China’s central bank released intention to increase stimulus, but USDJPY fails to continue the afternoon slump and closes the day above 107, despite forming the second lower low and broke below the 104 hourly moving average. Next support at 106.67 should 107 not hold.

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