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4 Oct 2013
USD/JPY breaking through limits at 97.44 for new highs
FXstreet.com (Chicago) - USD/JPY extends rally to reach 97.50 session highs in the afternoon of the American trading session recovering weekly losses that account for 0.72%.
Default at 0 chance?
Driven by budget optimism, US stocks soared along a dollar that strengthened across the board. Amid the continuation of the US government shutdown for the fourth consecutive day, House Speaker Boehner stated he will not allow republicans to default on its debt referring to October 19th hard deadline for debt deficit issue.
USD/JPY Technical Levels
Technically speaking, the pair trades at 97.40 and oscillates between supports aligned at 96.92 (October 3rd lows), 96.42 (August 10th lows) followed by 95.92 (August 8th lows) and getting close to the resistances set at 97.44 (August 29th lows), 98.34 (August 29th highs) followed by 99.12 (September 26th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Default at 0 chance?
Driven by budget optimism, US stocks soared along a dollar that strengthened across the board. Amid the continuation of the US government shutdown for the fourth consecutive day, House Speaker Boehner stated he will not allow republicans to default on its debt referring to October 19th hard deadline for debt deficit issue.
USD/JPY Technical Levels
Technically speaking, the pair trades at 97.40 and oscillates between supports aligned at 96.92 (October 3rd lows), 96.42 (August 10th lows) followed by 95.92 (August 8th lows) and getting close to the resistances set at 97.44 (August 29th lows), 98.34 (August 29th highs) followed by 99.12 (September 26th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.