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20 Jun 2013
USD/JPY continues higher
FXstreet.com (London) - After an initial bit of downward pressure on the London open, USD/JPY has continued to move up.
USD/JPY denies offers
USD/JPY printed a low of 97.73 before moving higher again to print 98.34 so far this morning. The pair are being taken higher by the bulls after last nights FOMC and continued statements from officials which mark a Us economy which is improving. Although the statement wasn’t markedly any more encouraging than previous, there was a change in language, which implied that the first rate hike may come sooner. Later on we have more US data coming up int he form of Initial Jobless Claims (12.30GMT) Markit Manufacturing (12.58 GMT), Existing Home sales Change and Philly Fed (14.00GMT).
USD/JPY continues higher
After the release of the FOMC, the USD/JPY pierced a significant level to the upside which was the trend line determining the recent bearish channel. With that area now well breached, the pair can continue higher with that level now acting as a support area, 96.80 and 95.40. The upside move is targeting 98.80, for a close above 99.00 and to reach the psychological 100.00 the June highs.
USD/JPY denies offers
USD/JPY printed a low of 97.73 before moving higher again to print 98.34 so far this morning. The pair are being taken higher by the bulls after last nights FOMC and continued statements from officials which mark a Us economy which is improving. Although the statement wasn’t markedly any more encouraging than previous, there was a change in language, which implied that the first rate hike may come sooner. Later on we have more US data coming up int he form of Initial Jobless Claims (12.30GMT) Markit Manufacturing (12.58 GMT), Existing Home sales Change and Philly Fed (14.00GMT).
USD/JPY continues higher
After the release of the FOMC, the USD/JPY pierced a significant level to the upside which was the trend line determining the recent bearish channel. With that area now well breached, the pair can continue higher with that level now acting as a support area, 96.80 and 95.40. The upside move is targeting 98.80, for a close above 99.00 and to reach the psychological 100.00 the June highs.