Techs on USD/JPY

Market news

18 March 2011

Techs on USD/JPY

Resistance 3:Y83.30
Resistance 3:Y82.50
Resistance 1:Y82.00
Current price: Y81.10

Support 1:Y79.80

Support 2:Y78.20

Support 3:Y76.60

Comments: Rate retreats. Support comes at Y79.80 (Mar 17 high). Below losses may widen to Y78.20. Break under opens the way to Y76.60 (record lows). The resistance is around overnight highs on Y82.00. Break above will target Y82.50 and Y83.30 (Mar 11 high).
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GERMANY ECONMIN: Don't see global economic shock from Japan crisis;Germany's trade with Japan insignificant.

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