USD/JPY works on 102.25 support area

FXstreet.com (Moscow) – After attempts to retrace back below 102.25 failed USD/JPY stuck around 102.35.

USD/JPY is alive and kicking

Nikkkei closed down by 0.32% at 14,923.11. Although the pair moves were limited in comparison with other pairs during American session, the USD at least showed some will-to-win spirit. Better than expected US housing data triggered the rise of the pair, though the February range upper limit at 102.82 was not broken yet. Today we will see a handful of events with good potential to trigger sharp moves. US durable goods data, unemployment claims, and Janet Yellen testimony may be good catalysts to move the pair out of the range. The upside is limited by 102.63 resistance level, and the downside 102.09 by support level.

What are today’s key USD/JPY levels?

Today's central pivot point can be found at 102.36, with support below at 102.09, 101.83 and 101.56, with resistance above at 102.63, 102.90, and 103.16. Hourly Moving Averages are mixed, with the 200SMA at 102.24 and the daily 20EMA at 102.41. Hourly RSI is neutral at 49.