USD/JPY clears 101.50 barrier, stops go off

FXstreet.com (Barcelona) - USD/JPY has finally cleared the 101.50 barrier, with stops above it all being tripped and as a result, the Yen crosses have all gone through some intense upside pressure. There are option barriers reported at 102.00, with next resistance above the area seen at 102.30, late May closing levels.

Nov 25, 2013

ECB’s Cœuré to act on further deflationary pressures

ECB’s Cœuré, who is speaking in Tokyo, said the ECB is likely to act again if further decline in consumer price buffer above zero, adding that ECB has enough instruments to act on prices if needed.

USD/JPY trading above critical “correction resistance” at 101.46. Will it close that way?

The USD/JPY cross is working on a major breakout attempt as it has managed to work its way through the 101.46 – 101.53 resistance level the bears had earmarked for their final stand.