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May 24, 2013
USD/JPY jumps above 102.30
FXstreet.com (Barcelona) - USD/JPY is last at 102.51, off recent session highs at 102.59, breaking above previous support now turned into resistance at 102 round, also 38.2% Fibo retrace of latest down leg from Wed fresh 4.5-year highs at 103.75 to yesterday's lows at 100.82.
The Nikkei index opens higher by +1.46% around the 14600 points, following a massive sell-off yesterday that took the index down -7.32% after opening higher to fresh 5.5-year highs, and being up +1.72% before turning around shy of the 16000 points mark. Japan FinMin Aso have been talking to reporters recently, as well as EconMin Amari, ahead of BoJ Kuroda at 02:45 GMT.
Immediate resistance to the upside for USD/JPY shows at recent session highs and 61.8% Fibo retrace of same mentioned down leg at 102.60, followed by May 15 highs at 102.77, while closest support to the downside lies at May 13 highs/May 21 lows 102.12/06, followed by Monday's lows at 101.90.
The Nikkei index opens higher by +1.46% around the 14600 points, following a massive sell-off yesterday that took the index down -7.32% after opening higher to fresh 5.5-year highs, and being up +1.72% before turning around shy of the 16000 points mark. Japan FinMin Aso have been talking to reporters recently, as well as EconMin Amari, ahead of BoJ Kuroda at 02:45 GMT.
Immediate resistance to the upside for USD/JPY shows at recent session highs and 61.8% Fibo retrace of same mentioned down leg at 102.60, followed by May 15 highs at 102.77, while closest support to the downside lies at May 13 highs/May 21 lows 102.12/06, followed by Monday's lows at 101.90.