3 Jul 2013
USD/JPY drops on weak ISM in US
FXstreet.com (New York) - The USD/JPY foreign exchange rate recently turned lower again, falling off the 99.70 handle after US data Wednesday.
In the United States, the ISM Non-Manufacturing PMI (June) came in at 52.2, against expectations of 54.0, and compared with a figure of 53.7 previously.
USD/JPY 100.00 level seems like wayward dream
In spite of the recent fall, the USD/JPY is now operating at just 99.45, down a sizable -1.15% off its opening. The Danske Research Team has calculated supports at 99.39, ahead of 99.10, and 98.86.
USD/JPY further bearishness could occur
According to the Technical Analyst Team at ICN.com, “The USD/JPY dropped and broke 99.95 levels then tried to break the bullish key support level shown on graph. The drop failed our positive expectations referred to in our previous report. Further bearishness might currently occur, as breaking levels 99.95 triggered an intraday descending wave.”
In the United States, the ISM Non-Manufacturing PMI (June) came in at 52.2, against expectations of 54.0, and compared with a figure of 53.7 previously.
USD/JPY 100.00 level seems like wayward dream
In spite of the recent fall, the USD/JPY is now operating at just 99.45, down a sizable -1.15% off its opening. The Danske Research Team has calculated supports at 99.39, ahead of 99.10, and 98.86.
USD/JPY further bearishness could occur
According to the Technical Analyst Team at ICN.com, “The USD/JPY dropped and broke 99.95 levels then tried to break the bullish key support level shown on graph. The drop failed our positive expectations referred to in our previous report. Further bearishness might currently occur, as breaking levels 99.95 triggered an intraday descending wave.”