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2 Jan 2014
USD/JPY recovers ground after bouncing at 104.55
FXstreet.com (San Francisco) - The US Dollar is recovering ground against the Yen and after bouncing at 104.55, the USD/JPY is now trading at 104.80.
The USD/JPY is trading under pressure today amid US yields surging to multi-years highs above 3.0% along with a pullback in US indexes. The pair is performing 0.53% negative on the day with slightly bearish outlook according to the FXstreet.com trend index in the 15-minute chart.
Indicators are mixed in the 15 minutes timeframe as CCI is bullish but But momentum is bearish. Stochastic and MACD are neutral.
USD/JPY levels
The USDJPY would face immediate resistance at 104.90 ahead of 105.00 and 105.45. On the downside, supports are at 104.55, 104.40 and 103.80.
The USD/JPY is trading under pressure today amid US yields surging to multi-years highs above 3.0% along with a pullback in US indexes. The pair is performing 0.53% negative on the day with slightly bearish outlook according to the FXstreet.com trend index in the 15-minute chart.
Indicators are mixed in the 15 minutes timeframe as CCI is bullish but But momentum is bearish. Stochastic and MACD are neutral.
USD/JPY levels
The USDJPY would face immediate resistance at 104.90 ahead of 105.00 and 105.45. On the downside, supports are at 104.55, 104.40 and 103.80.