by Fri, 16 Apr 2010 14:08:00 +0200
Forex: USD/JPY falls to fresh 13-day low
FXstreet.com (Barcelona) - The USD/JPY has seen its spike upwards to 93.11 immediately crumble as the pair has dropped to a fresh 13-day low at 92.51. This fall comes after the pair had received a boost on the call by a Japanese lawmaker for the Bank of Japan to intervene to prop up the yen, according to Reuters.
At the moment of writing, the USD/JPY is trading around 92.60, a level of support which has held the pair in check during most of today's session.
Support levels, under 92.60, now lie at 92.41, 92.17 and 91.94, while resistance levels are at 92.68, 92.91 and 93.14.
| Technical Analysis (2010-04-16 11:58 GMT) | |
|---|---|
USD/JPY 92.54/92.63 - O: 92.57 H: 92.6 L: 92.47 C: 92.54 | |
| Trend | R3: 93.1434 |
 | R2: 92.9117 |
| R1: 92.6800 | |
| S1: 91.9480 | |
| S2: 92.1790 | |
| S3: 92.4100 | |
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