3 Sep 2013
USD/JPY steady after US Markit PMI
FXstreet.com (Córdoba) - The USD/JPY was little changed after data showed US Markit Manufacturing PMI fell slightly in August, missing expectations.
USD/JPY barely moved and continues to trade around 99.50 as investors eye the ISM Manufacturing PMI that will be released at 14:00GMT.
The pair had fallen to a daily low of 99.15 during the European session, weighed by headlines of a missile launch in the Middle East. However, USD/JPY managed to bounce afterward and it is currently around 99.50, still 0.2% above its opening price.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 99.70 (daily high) and 100.00 (key psychological level), while supports are seen at 99.15 (daily low) and 98.95 (100-day SMA).
USD/JPY barely moved and continues to trade around 99.50 as investors eye the ISM Manufacturing PMI that will be released at 14:00GMT.
The pair had fallen to a daily low of 99.15 during the European session, weighed by headlines of a missile launch in the Middle East. However, USD/JPY managed to bounce afterward and it is currently around 99.50, still 0.2% above its opening price.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 99.70 (daily high) and 100.00 (key psychological level), while supports are seen at 99.15 (daily low) and 98.95 (100-day SMA).