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20 Dec 2013
USD/JPY jumps to fresh 5-year high at 104.65
The USD/JPY reacted to the upside following the upward revision in the US Q3 GDP to an impressive 4.1%. The pair has jumped around 20 pips from 104.45 to reach fresh highs since October 2008 at 104.65.
The Dollar to Japan's Yen exchange rate is pricing right now at 104.57, 0.31% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
USD/JPY levels:
Above the 104.65, the USD/JPY would face resistances at 105.00 (psychological level) and 105.15. Supports are seen at 104.20 (daily low) and 104.00 (psychological level).
The Dollar to Japan's Yen exchange rate is pricing right now at 104.57, 0.31% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
USD/JPY levels:
Above the 104.65, the USD/JPY would face resistances at 105.00 (psychological level) and 105.15. Supports are seen at 104.20 (daily low) and 104.00 (psychological level).