USDJPY Jumpy During Policy Meeting
18
Sep
2012
2012
The USDJPY has been relatively tame so far this week. The cross pushed higher in late New York Trading after rumors circulated regarding the Bank of Japans interest in discussing easing during Wednesday's Policy meeting. In the mean time a break of weekly resistance at 79 could lead to a test of the 79.65 zone. Support begins at 78 and a break of this level could lead to a test of the recent lows.
Sup 78
Res 79 79.65
Keane Plan.. remained sidelined until rate talk shakes itself out.
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