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19 Dec 2013
USD/JPY runs into the 104.40 area again
FXstreet.com (San Francisco) - The US dollar is doing another attempt to break the 104.40 area against the Japanese yen but the pair has been rejected again and launched back to 104.15.
Currently the USD/JPY remains near to the resistance at 104.30, 0.20% positive on the day. The short term perspective remains strongly bullish according to the FXstreet.com trend index in the 1-5minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bearish.
The USD/JPY is joining the pro-dollar environment following the Fed's decision to taper by $10 billion its bond buying pace. It seems matter of time the pair to break the 104.40 area. Above that price, next big resistances would be at 105.00 and 107.20.
Currently the USD/JPY remains near to the resistance at 104.30, 0.20% positive on the day. The short term perspective remains strongly bullish according to the FXstreet.com trend index in the 1-5minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bearish.
The USD/JPY is joining the pro-dollar environment following the Fed's decision to taper by $10 billion its bond buying pace. It seems matter of time the pair to break the 104.40 area. Above that price, next big resistances would be at 105.00 and 107.20.