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17 May 2013
USD/JPY rises to test intra-day highs at 102.60
FXstreet.com (San Francisco) - The Dollar is currently rising across the board and against the Japanese Yen, the Greenback has jumped to trade at intra-day highs at 102.60.
The USD/JPY advanced around 40 pips in the latest couple of hours from 102.25 area to test again the 102.60 zone. Currently the pair is trading at 102.55, 0.28% positive on the day. Short term perspective remains slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral in the 15 minutes chart.
Above the 102.60, next supports are at 102.75, multi-year highs, and the 103.00 psychological level. On the downside, 102.20 is the next support ahead of 102.00 and 101.85.
The USD/JPY advanced around 40 pips in the latest couple of hours from 102.25 area to test again the 102.60 zone. Currently the pair is trading at 102.55, 0.28% positive on the day. Short term perspective remains slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral in the 15 minutes chart.
Above the 102.60, next supports are at 102.75, multi-year highs, and the 103.00 psychological level. On the downside, 102.20 is the next support ahead of 102.00 and 101.85.