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3 May 2013
Forex: USD/JPY sideways at 98.00
FXstreet.com (Barcelona) - The USD/JPY has been trading sideways around the 98.00 handle, and now an upside attempt above such level was quickly stalled at 98.11, but intentions remain.
Japan was closed for Constitution Day and no market activity was registered, neither the publication of economic indicators.
“The USD/JPY remains sidelined above the 96.99 late April low. If slipped through, dips lower should find support at 96.71, the March high, and at 95.67, the mid-April low”, wrote Commerzbank analyst Karen Jones, targeting 99.70/100.00.
Japan was closed for Constitution Day and no market activity was registered, neither the publication of economic indicators.
“The USD/JPY remains sidelined above the 96.99 late April low. If slipped through, dips lower should find support at 96.71, the March high, and at 95.67, the mid-April low”, wrote Commerzbank analyst Karen Jones, targeting 99.70/100.00.