FXstreet.com (Barcelona) - The USD/JPY kept retracing the rally seen in early Thursday, jumping past the 78.50 line to 78.72 high. After some ranging at 78.56/63, the pair moved lower on the European opening.
The Government Pension Investment Fund of Japan might diversify into long-term alternative assets in infrastructure, private equity and property. Its officials said Japan’s debt problem may ease by increasing the consumption tax as intended by the government.
The pair might have found support at 78.50 (session low) and is trading slightly higher now. Mataf.net analysts point to resistances at 78.70, 78.95 and 79.20. On the downside, supports might be found at 78.40, 78.20 and 77.80.
The Government Pension Investment Fund of Japan might diversify into long-term alternative assets in infrastructure, private equity and property. Its officials said Japan’s debt problem may ease by increasing the consumption tax as intended by the government.
The pair might have found support at 78.50 (session low) and is trading slightly higher now. Mataf.net analysts point to resistances at 78.70, 78.95 and 79.20. On the downside, supports might be found at 78.40, 78.20 and 77.80.
