Tech on USD/JPY

Market news

13 September 2011

Tech on USD/JPY

Resistance 3: Y77.85/90 (Sep 9 high)

Resistance 2: Y77.60 (Sep 12 high)

Resistance 1: Y77.40 (high of american session on Sep 12)

Current price: Y76.98

Support 1:Y76.90 (session low)

Support 2:Y76.75/70 (Sep 6 and 12 low)

Support 3:Y76.50 (Sep 2 low)

Comments: the pair holds Y77.00 area. The immediate support - Y76.90. Below losses are possible to Y76.75/70. The immediate resistance - Y77.40. Above growth is possible to Y77.60.

BOE, Posen: "Bank of England Monetary Policy Committee member Adam Posen has said that the BOE should attack the longer-end of the gilt yield curve with an additional round of stg50bln of asset purchases to be made over the next three months. "

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