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USD/JPY: 100d sma caps upside - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair traded within a 30 pips range for a third day in-a-row, ending the day with some gains as the dollar advanced in thin markets.

    Key Quotes:

    "The pair has been lifeless ever since the winter holiday season began, and will likely remain so until the release of US December employment data early January."

    "The longer term stance is still bearish, as in the daily chart the technical indicators hold within negative territory, while the 100 SMA caps the upside around 121.10."
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