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Saturday, June 15, 2013

USD/JPY down falls under 95.00

FXstreet.com (Edinburgh) - the Japanese yen maintains the tonic downward towards the end of the business week today Friday, heading for a new test of the lows of the session around 94.40.

Interest seller has become this force especially after the minutes of the BoJ's this morning, while investors still distrust the events and comments in Japan. According to analysts at BBH, "the conclusion is that the expectations of the markets not be would be aligning with events in Japan, so the weakness of the yen is no longer a safe bet."

At the moment the pair falls 0.71% at 94.69 with immediate support at 94.43 (min. jun.14) followed by 93.75 (min. jun.13) and finally 93.67 (line Kijun Sen weekly). On the bullish side, breaking above 95.80 (max. jun.14) open the door to 96.09 (max. jun.13) and subsequently 96.11 (23.6% of 103.74-93.75).

* FXstreet.es, news of currency *

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