26 Sep 2014
USD/JPY holds near highs after US confidence data
FXStreet (Córdoba) - USD/JPY remained little changed above 109.00 and close to recent highs after US consumer confidence rose in line with expectations.
The Reuters/Michigan consumer confidence index rose to 84.6 in September versus 84.7 expected and up from 82.5 the previous month. At time of writing, USD/JPY is trading at 109.23, recording a 0.46% gain on the day and on track for a fourth weekly advance.
USD/JPY technical levels
On the upside, immediate resistances are seen at 109.36 (Sept 25 high), 109.45 (6-year high Sept 19) and 109.71 (Aug 28 2008 high). On the flip side, supports could be found at 108.46 (Sept 26 low), 108.24 (Sept 23 low) and 108.00 (psychological level).
The Reuters/Michigan consumer confidence index rose to 84.6 in September versus 84.7 expected and up from 82.5 the previous month. At time of writing, USD/JPY is trading at 109.23, recording a 0.46% gain on the day and on track for a fourth weekly advance.
USD/JPY technical levels
On the upside, immediate resistances are seen at 109.36 (Sept 25 high), 109.45 (6-year high Sept 19) and 109.71 (Aug 28 2008 high). On the flip side, supports could be found at 108.46 (Sept 26 low), 108.24 (Sept 23 low) and 108.00 (psychological level).