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17 Feb 2014
USD/JPY breaks below 101.50
FXStreet (Bali) - USD/JPY is breaking lower in Asia, after leaving behind bids through 101.50, currently at 101.43 session low.
Nikkei 225 dips into the red
After a positive start, the Nikkei has turned negative (-0.45%), and that is weighing on USD/JPY, which makes its way our of the daily cloud again as selling persists. A worse-than-expected Japanese GDP reading for the forth quarter of 2013 hit sentiment in Tokyo.
USD/JPY technicals point lower
As Valeria Bednarik, Chief Analyst at FXStreet, notes: "Indicators in the hourly chart stand in negative territory, while in the 4 hours chart the pair presents a clear bearish tone that suggests further falls ahead."
Nikkei 225 dips into the red
After a positive start, the Nikkei has turned negative (-0.45%), and that is weighing on USD/JPY, which makes its way our of the daily cloud again as selling persists. A worse-than-expected Japanese GDP reading for the forth quarter of 2013 hit sentiment in Tokyo.
USD/JPY technicals point lower
As Valeria Bednarik, Chief Analyst at FXStreet, notes: "Indicators in the hourly chart stand in negative territory, while in the 4 hours chart the pair presents a clear bearish tone that suggests further falls ahead."