August 14, 2017 12:02:19 AM
By Newsmovesmarketsforex Staff Writer
USD JPY rallies to a high of 110.22 on August 14th 2017 8:45 p.m. Eastern Standard Time. The USD JPY had a very nice bullish move from a low of 109.17 to a high of 110.22.
Significant Contributing factors to this 102 pip move on the geopolitical front tension has somewhat de-escalated between the United States and North Korea compared to last week’s rhetoric.
Sunday August 13, 2017 JPY Economic news event releases
JPY GDP (QoQ) (Q2) 1.0%
19:50 JPY GDP Capital Expenditure (QoQ) (Q2) 2.4%
19:50 JPY GDP External Demand (QoQ) (Q2) -0.3%
19:50 JPY GDP Price Index (YoY) -0.4%
19:50 JPY GDP Private Consumption (QoQ) (Q2) 0.9%
- Dollar strength is steady and elevating the dollar Index is trading at 93.40 up + .06 percent as of August 14th 2017 11 p.m. Eastern Standard Time.
- JPY is showing significant weakness against the US dollar and the Japanese Yen Futures currently trading at.009088 down -0.54 percent as of August 14th 2017 10:05 p.m. CDT.
Technical Analysis Outlook:
- Potential resistance areas for the USD JPY 110.47, 110.541/ 110.93 Support areas 109.87, 109.49, 109.00.
- 1 Hour RSI 61