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17 Jul 2013
USD/JPY jumps to close 100.00 as Bernanke is quite open to tapering
FXstreet.com (San Francisco) - The Dollar is currently rallying over the market as Ben Bernanke is less dovish than previously he hinted in the official statement. According to Bernanke, the Fed targets are in line with the plan when they launched the QE.
In terms of currency market, the USD/JPY has jumped around 100 pips in the last hour from the 99.00 area to reach just sub 100.00 prices at 99.90. At this moment, the pair is trading at 99.83, 0.74% positive on the day. The short term perspective remains, however, slightly bearish according to the FXstreet.com trend index in the 15-minute chart.
Indicators are now mixed and waiting for the next candlestick. For now, the CCI is bullish; the Momentum is bearish while the Stochastic and the MACD are neutral.
Next resistance is obviously the 100.00 key level, above that, the 100.50 and 100.75 are prices to pay attention. On the downside, supports are at 99.00, 98.60 and 98.20.
In terms of currency market, the USD/JPY has jumped around 100 pips in the last hour from the 99.00 area to reach just sub 100.00 prices at 99.90. At this moment, the pair is trading at 99.83, 0.74% positive on the day. The short term perspective remains, however, slightly bearish according to the FXstreet.com trend index in the 15-minute chart.
Indicators are now mixed and waiting for the next candlestick. For now, the CCI is bullish; the Momentum is bearish while the Stochastic and the MACD are neutral.
Next resistance is obviously the 100.00 key level, above that, the 100.50 and 100.75 are prices to pay attention. On the downside, supports are at 99.00, 98.60 and 98.20.