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5 Jun 2013
USD/JPY plummets below 100 again
FXstreet.com (Barcelona) - It was a happy start of trading in Tokyo after lunch break while PM Abe was speaking, and Nikkei shot up +1.27% and USD/JPY to session highs at 100.47, but it did not last long, and the pair is trading now at 99.66, near fresh session lows.
Nikkei is last at session lows too down -1.5% for the day so far, amid a broad USD selling off move, taking USD index down to session lows last at 82.67 from session highs around the 82.81 level. USD/JPY has been pretty noisy in last 24 hours, inside a trading range between lows at 99.87 and highs around 100.40, just to end up at the moment pretty much unchanged from previous Asia-Pacific open yesterday.
Immediate support to the downside for USD/JPY lies at recent session lows 99.60, followed by yesterday's lows at 99.32, and Monday's fresh 1-month lows at 98.84. To the upside, closest resistance shows at NY session lows 99.90, followed by recent session highs at 100.47, and Monday's weekly highs at 100.72.
Nikkei is last at session lows too down -1.5% for the day so far, amid a broad USD selling off move, taking USD index down to session lows last at 82.67 from session highs around the 82.81 level. USD/JPY has been pretty noisy in last 24 hours, inside a trading range between lows at 99.87 and highs around 100.40, just to end up at the moment pretty much unchanged from previous Asia-Pacific open yesterday.
Immediate support to the downside for USD/JPY lies at recent session lows 99.60, followed by yesterday's lows at 99.32, and Monday's fresh 1-month lows at 98.84. To the upside, closest resistance shows at NY session lows 99.90, followed by recent session highs at 100.47, and Monday's weekly highs at 100.72.