Forex: USD/JPY trading at support in 94.39/40

FXstreet.com (Barcelona) - The USD/JPY has been held in negative territory Friday amidst a resolution in Cyprus that has left currency markets in limbo during American trading. Having made several failed breaks towards the upside, the pair has now found itself entrenched at 94.39/40 in these moments, down a sizable -0.67% as hopes still run high of a bailout in the island nation.

Mataf.net analysts identify short-term supports at 94.36, down to 93.71, and finally the 92.87 handle. Regarding any manner of advance, resistive measures will activate if the USD/JPY moves towards 95.85, onto 96.68, and 97.34.

Mar 22, 2013

Cyprus? Really? Figures!

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