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Forex: USD/JPY at opening price, 81.17

By FXstreet.com,  April 24, 2012, 06:09:00 AM EDT

FXstreet.com (Barcelona) - The USD/JPY retraced all Asian session losses as recovery from 80.85 low led to an European morning rally above 81.00 on rumors of BoJ monetary easing details.

The cross peaked at 81.26 and got back again to Tuesday's opening price, at 81.17. The cross is now acting quite stable around this area.

"Yesterday's slide was reversed at 81.83, initiating a rise for another test around 81.80 major resistance. The intraday bias is positive above 81.02", wrote Deltastock.com analyst Stoyan Mihaylov.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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