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S&P 500
5,431.60
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-0.04%
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US TECH 100
19,166.40
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0.51%
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Dow Jones
38,589.16
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-0.15%
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82.28
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Post# of 364286
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jimmybob

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jimmybob

Re: jimmybob post# 218518

Friday, 10/31/2014 4:43:12 AM

Friday, October 31, 2014 4:43:12 AM

Post# of 364286
FX Action: USD-JPY is trading in the low 111s
FX Action: USD-JPY is trading in the low 111s after clocking a fresh six-year peak at 111.53 in early London trade earlier. The surprise BoJ easing lit a fire under the pair during Tokyo trade and sent JGB yields to major-trend lows and saw the Nikkei stock index close with a stellar 4.8% advance. The earlier high at 111.53 is now an interim resistance level ahead of 112.00, which is reportedly the next option barrier of note. Obvious support levels are some way off. Analysts have 110.00-110.09 as a support region now, which encompasses the former cycle peak, ahead of 109.47-50. Analysts continue to target 115.0 on the back of divergent economic and central bank policy paths between the U.S. and Japan

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