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9 May 2013
Forex: USD/JPY destroys the 100.00 milestone
FXstreet.com (San Francisco) - After jumping around 120 pips from the 99.25 area in the latest few minutes, the Dollar has finally broken the 100.00 mark against the Japanese yen with the pair jumping above to trade around the 100.65, highest levels since April 2009.
The USD/JPY is currently pricing at 100.60, 1.55% above opening price action. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing to the north while the Stochastic is bearish in the 15-minutes timeframe.
Above the 100.60 area, next resistances come at the 101.00 area and the April's maximum at 101.45. On the downside, 100.00 became as new support ahead of 99.40 and 98.60.
The USD/JPY is currently pricing at 100.60, 1.55% above opening price action. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing to the north while the Stochastic is bearish in the 15-minutes timeframe.
Above the 100.60 area, next resistances come at the 101.00 area and the April's maximum at 101.45. On the downside, 100.00 became as new support ahead of 99.40 and 98.60.