FOREX TECHNICAL & NEWS ANALYSIS:USD SURRENDERED TO JPY

Finally almost all currencies surrendered to USD. The investors who have traded USD against JPY are hanging on the dilemma. After the London session USD gains against all other currency pairs. But JPY remains stronger than USD though the USD economic indicators come positive.The Chinese industrial production data were the key to keep the JPY stronger against USD.

It is expected that the pair will have support at 101.200.But the upcoming USD and JPY data arising some confusions. Still a short term buy orders can be placed when the pair reaches the support level.