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Forex: USD/JPY rallies on easing rumors
FITITOL--> FXstreet.com (Barcelona) - There are rumors saying the BoJ will increase its asset purchasing program by 5 to 10 trillion Yen. Based on the market talk, the USD/JPY has just rallied above 81.00 sentiment level and reached as high as 81.23.“Strong hourly resistance lies at 81.20, overnight’s high / 55 day EMA and only lift above here would avert immediate downside risk. However, regain of 81.67/77, trendline resistance / 20 Apr high, provides reliefâ€, wrote Windsor Brokers analyst Slobodan Drvenica.
Investors will be eyeing US consumer confidence, housing prices and sales during the American session.
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