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May 27, 2013
USD/JPY finds support above 101 round
FXstreet.com (Barcelona) - USD/JPY is last at 101.06, holding above 101.00 round bids, off session lows at 100.78. The pair is down -0.21% for the day from previous weekly close Friday, finding support so far at the 101 round level.
Nikkei index has seen end of last week selling resuming today, nearing the 14000 points mark, last at 14249, down -2.48%, with “Japan securities companies good USD/JPY sellers” in early trade, said IFR Markets analyst Haruya Ida, suggesting “many in market eyeing USD/JPY 100.00 test.”
Valeria Bednarik, Chief Analyst at Fxstreet.com, finds support levels at: 1.2920, 1.2885 and 1.2840, while resistance levels at: 1.2950, 1.3000 and 1.3040.
Nikkei index has seen end of last week selling resuming today, nearing the 14000 points mark, last at 14249, down -2.48%, with “Japan securities companies good USD/JPY sellers” in early trade, said IFR Markets analyst Haruya Ida, suggesting “many in market eyeing USD/JPY 100.00 test.”
Valeria Bednarik, Chief Analyst at Fxstreet.com, finds support levels at: 1.2920, 1.2885 and 1.2840, while resistance levels at: 1.2950, 1.3000 and 1.3040.