Forex news for March 16, 2017
In other markets:
– The US stocks are ending the
day little changed. The S&P index is down -3.88 points or -0.16%. The Nasdaq index is virtually unchanged (up 0.71 points). The Dow is down -15.55 points or -0.07%
The USDJPY spent the day doing more watching, but it did find buyers near the 100 day MA at the 112.98. In the early London session, the MA was broken on the way to the day lows at 112.89. The price quickly rebounded. In the NY afternoon session, the price dipped to a low of 112.96 (two pips below the level) and once again buyers took the price higher. Although support held nicely, the topside was limited. ().