2 Jul 2013
USD/JPY makes marginal new high
FXstreet.com (Córdoba) - USD/JPY resumed the upside and at the beginning of the American session following a short-lived setback.
USD/JPY eyes 100.00
USD/JPY bounced from the 99.60 zone and climbed back to challenge daily highs as the greenback picked up momentum across the board. At time of writing, USD/JPY is trading around 99.90, where it records a 0.3% daily gain, and having scored a fresh 4-week high of 99.94 so far.
As for technical levels, immediate resistances are seen at 100.00 (psychological level) and 100.45 (daily high Jun 5), while supports are seen at 99.50 (intraday low) and 99.15 (Jul 1 low).
In the calendar, US May factory orders, June New York ISM, and June vehicle sales will be reported later today, which could give traders further signs of a US economic recovery.
USD/JPY eyes 100.00
USD/JPY bounced from the 99.60 zone and climbed back to challenge daily highs as the greenback picked up momentum across the board. At time of writing, USD/JPY is trading around 99.90, where it records a 0.3% daily gain, and having scored a fresh 4-week high of 99.94 so far.
As for technical levels, immediate resistances are seen at 100.00 (psychological level) and 100.45 (daily high Jun 5), while supports are seen at 99.50 (intraday low) and 99.15 (Jul 1 low).
In the calendar, US May factory orders, June New York ISM, and June vehicle sales will be reported later today, which could give traders further signs of a US economic recovery.