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21 May 2014
USD/JPY plunged to 101.16 on no change from BOJ
FXStreet (Moscow) - USD/JPY dipped to 101.16 on the back of BOJ monetary policy decision, but managed to rebound to current level of 101.22.
No stimulus, no JPY weakening
USD/JPY was pretty volatile as it spiked to Asian high at 101.39 before the Bank of Japan announced its monetary policy decision, and plunged to the low of 101.16 right after the news hit the wires. Actually, the decision was non-event, as BOJ left everything unchanged, just as it was expected. No stimulus added the upside pressure to JPY, but USD/JPY still needs to go past strong bids on approach to 101.10/00 to extend the downside on the intraday basis.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.38, with support below at 101.14, 100.95 and 100.72 with resistance above at 101.57, 101.80, and 101.99. Hourly Moving Averages are bearish, with the 200SMA at 101.73 and the daily 20EMA at 101.92. Hourly RSI is bearishat 44
No stimulus, no JPY weakening
USD/JPY was pretty volatile as it spiked to Asian high at 101.39 before the Bank of Japan announced its monetary policy decision, and plunged to the low of 101.16 right after the news hit the wires. Actually, the decision was non-event, as BOJ left everything unchanged, just as it was expected. No stimulus added the upside pressure to JPY, but USD/JPY still needs to go past strong bids on approach to 101.10/00 to extend the downside on the intraday basis.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.38, with support below at 101.14, 100.95 and 100.72 with resistance above at 101.57, 101.80, and 101.99. Hourly Moving Averages are bearish, with the 200SMA at 101.73 and the daily 20EMA at 101.92. Hourly RSI is bearishat 44