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13 Mar 2013
Forex: USD/JPY mixed on BoJ nominees, holds above 95.60
USD/JPY is last slightly lower for the Asian session so far, around 95.80, off recent session highs at 96.10, and recovering from session lows at 95.65, few pips shy of previous weekly lows yesterday. Uncertainty over next batch of nominees for BoJ positions have been driving the Yen up and down for the Tokyo session so far.
Nikkei index is last down -0.26%, retracing from yesterday's fresh 4.5-year highs above the 11400 mark, with Asian share markets overall in the red, with Hang-Seng index lower by -0.74% and Shanghai -1.15%. “Japanese players are seen to buying the USD/JPY dip in particular with layers of bids noted down from around 95.90,” reports Haruya Ida for IFR Markets, adding: “Some stops are eyed sub-95.65, the low yesterday, and 95.50.”
Immediate support to the downside for USD/JPY lies at recent session and yesterday's weekly lows 96.64/1, followed by Friday's NY session lows at 95.50, and Thursday's highs at 95.10. To the upside, closest resistance shows at recent session highs 96.10, followed by Friday's highs at 96.60, and Tuesday's fresh 3.5-year highs at 96.70.
Nikkei index is last down -0.26%, retracing from yesterday's fresh 4.5-year highs above the 11400 mark, with Asian share markets overall in the red, with Hang-Seng index lower by -0.74% and Shanghai -1.15%. “Japanese players are seen to buying the USD/JPY dip in particular with layers of bids noted down from around 95.90,” reports Haruya Ida for IFR Markets, adding: “Some stops are eyed sub-95.65, the low yesterday, and 95.50.”
Immediate support to the downside for USD/JPY lies at recent session and yesterday's weekly lows 96.64/1, followed by Friday's NY session lows at 95.50, and Thursday's highs at 95.10. To the upside, closest resistance shows at recent session highs 96.10, followed by Friday's highs at 96.60, and Tuesday's fresh 3.5-year highs at 96.70.