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11 Mar 2014
USD/JPY remains pegged at 103.25, a scoop for a break out?
FXStreet (San Francisco) - The USD/JPY remains trading in a small range between 103.20 and 103.35 with no news about a break above or below these levels.
However, Jamie Coleman from FXBeat commented about the possibility to see a movement out of this levels: "I have only heard of sell orders topside at 103.40-50 and again 103.80-00."
Coleman also comments that "yesterday's daily candle was an inside bar again, highlighting a lack of direction and indecision by the market. Although things my appear rather slow and dull, it is generally these types of markets that precede high volatility."
USD/JPY levels
The USD/JPY is currently trading at 103.30, barely positive on the day. The pair would face resistances at 103.30, 103.40 and 103.80. On the downside, supports are seen at 103.20, 103.00 and 102.80.
However, Jamie Coleman from FXBeat commented about the possibility to see a movement out of this levels: "I have only heard of sell orders topside at 103.40-50 and again 103.80-00."
Coleman also comments that "yesterday's daily candle was an inside bar again, highlighting a lack of direction and indecision by the market. Although things my appear rather slow and dull, it is generally these types of markets that precede high volatility."
USD/JPY levels
The USD/JPY is currently trading at 103.30, barely positive on the day. The pair would face resistances at 103.30, 103.40 and 103.80. On the downside, supports are seen at 103.20, 103.00 and 102.80.