30 Apr 2014
USD/JPY stays at 102.36, unimpressed by BOJ
FXStreet (Moscow) - USD/JPY came close to the support level of 102.39 after growing to 102.48 following the unchanged BOJ monetary policy decision
No news from BOJ so far
USD/JPY reaction to the Bank of Japan monetary policy decision was rather muted to say the least, as the pair jerked 12 pips higher to 102.48 from 102.36 prior to the decision only to retrace bak to the levels registered before the announcement. No wonder as BOJ left everything unchanged, which means that the central bank aims to buy JGBs to the tune of 50trln yen annually. Let’s see whether semi-annual Outlook Report published later today will produce more pronounced effect on USD/JPY
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.63, with support below at 102.47, 102.31 and 102.15 with resistance above at 102.80, 102.96, and 103.12. Hourly Moving Averages are mixed, with the 200SMA at 102.44 and the daily 20EMA at 102.42. Hourly RSI is bearish at 49.
No news from BOJ so far
USD/JPY reaction to the Bank of Japan monetary policy decision was rather muted to say the least, as the pair jerked 12 pips higher to 102.48 from 102.36 prior to the decision only to retrace bak to the levels registered before the announcement. No wonder as BOJ left everything unchanged, which means that the central bank aims to buy JGBs to the tune of 50trln yen annually. Let’s see whether semi-annual Outlook Report published later today will produce more pronounced effect on USD/JPY
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.63, with support below at 102.47, 102.31 and 102.15 with resistance above at 102.80, 102.96, and 103.12. Hourly Moving Averages are mixed, with the 200SMA at 102.44 and the daily 20EMA at 102.42. Hourly RSI is bearish at 49.