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15 Dec 2014
USD/JPY trades unchanged intraday – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, the USD/JPY trades unchanged intraday after seeing volatility for some time in the Asian session post Abe’s victory.
Key Quotes
“The USD/JPY pair trades practically unchanged intraday, having saw limited demand despite Abe’s victory. In fact, the pair fell as low as 117.77 during Asian hours, finding support in rising equities rather than in Abenomics. In the short term, the 1 hour chart shows price struggling around a bearish 100 SMA whilst indicators stand directionless above their midlines. In the 4 hours chart the pair presents a neutral technical stance, with the risk to the downside increasing on another slide below 118.30 immediate support.”
Key Quotes
“The USD/JPY pair trades practically unchanged intraday, having saw limited demand despite Abe’s victory. In fact, the pair fell as low as 117.77 during Asian hours, finding support in rising equities rather than in Abenomics. In the short term, the 1 hour chart shows price struggling around a bearish 100 SMA whilst indicators stand directionless above their midlines. In the 4 hours chart the pair presents a neutral technical stance, with the risk to the downside increasing on another slide below 118.30 immediate support.”