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9 Apr 2013
Forex: USD/JPY falls to 99.00 level
FXstreet.com (San Francisco) - The Dollar is currently trading lower against the Yen and after retreating from session highs at 99.35, the USD/JPY has fallen around 40 pips in the latest few minutes to trade below the 99.00 level and test the 98.90. Currently the pair is trading at 99.00.
The USD/JPY is 0.32% below opening price but according to the FXstreet.com's trend index, the USD/JPY is trading slightly bullish. Indicators such as CCI and Momentum are bullish while the MACD and Stochastic are neutral in the 1-hour chart.
As for technical levels, supports below 98.60 line up at 98.40 and 98.05 (Apr 8 low), while resistances could be found at 99.35(intraday level), 99.67 (Apr 9 high) and 100.00 (psychological level).
The USD/JPY is 0.32% below opening price but according to the FXstreet.com's trend index, the USD/JPY is trading slightly bullish. Indicators such as CCI and Momentum are bullish while the MACD and Stochastic are neutral in the 1-hour chart.
As for technical levels, supports below 98.60 line up at 98.40 and 98.05 (Apr 8 low), while resistances could be found at 99.35(intraday level), 99.67 (Apr 9 high) and 100.00 (psychological level).