18 Jul 2013
USD/JPY rises slightly on jobless claims
FXstreet.com (Córdoba) - The USD/JPY pushed higher and reached daily highs underpinned by the latest string of US data.
USD/JPY retests daily highs after data
USD/JPY rose to a high of 100.34, roughly the same level it peaked during the European session, after data showed US jobless claims fell to 334,000 last week, beating expectations. At time of writing, USD/JPY is trading at the 100.25 zone, where it records a 0.7% gain on the day.
As for technical levels, if USD/JPY manages to surpass the 100.35 area, next resistances could be found at 100.47 (Jul 15 high) and 100.75 (76.4% of 101.54/98.20). On the downside, supports are seen at 99.90 (200-hour SMA) and 99.45 (daily low).
More Bernanke awaited
With only the Conference Board leading index ahead, investors focus will likely turn back to Bernanke second day of testimony before the Congress.
USD/JPY retests daily highs after data
USD/JPY rose to a high of 100.34, roughly the same level it peaked during the European session, after data showed US jobless claims fell to 334,000 last week, beating expectations. At time of writing, USD/JPY is trading at the 100.25 zone, where it records a 0.7% gain on the day.
As for technical levels, if USD/JPY manages to surpass the 100.35 area, next resistances could be found at 100.47 (Jul 15 high) and 100.75 (76.4% of 101.54/98.20). On the downside, supports are seen at 99.90 (200-hour SMA) and 99.45 (daily low).
More Bernanke awaited
With only the Conference Board leading index ahead, investors focus will likely turn back to Bernanke second day of testimony before the Congress.