26 Sep 2013
USD/JPY jumps after US data
FXstreet.com (Córdoba) - The USD/JPY resumed the upside after the latest string of US data showed jobless claims unexpectedly dropped, while Q2 GDP revision stood at 2.5%.
USD/JPY retests 99.00 after upbeat claims
USD/JPY made another bullish attempt, but the recovery has been capped by the 99.00 mark so far. The USD/JPY has had a volatile day amid talk of a corporate tax cut in Japan and speculation about public pension reforms which was topped with Fed Lacker comments. However, the pair failed to break out its recent range and remained within the 98.20-99.20.
USD/JPY technical levels
At time of writing, USD/JPY is trading is trading at the 98.95 zone, 0.5% above its opening price. On the upside, resistances could be found at 99.10 (daily high) and 99.65 (Sep 20 high), while immediate supports are now seen at 98.25 (daily low), 98.00 (psychological level) and 97.75 (Sep 18 low).
USD/JPY retests 99.00 after upbeat claims
USD/JPY made another bullish attempt, but the recovery has been capped by the 99.00 mark so far. The USD/JPY has had a volatile day amid talk of a corporate tax cut in Japan and speculation about public pension reforms which was topped with Fed Lacker comments. However, the pair failed to break out its recent range and remained within the 98.20-99.20.
USD/JPY technical levels
At time of writing, USD/JPY is trading is trading at the 98.95 zone, 0.5% above its opening price. On the upside, resistances could be found at 99.10 (daily high) and 99.65 (Sep 20 high), while immediate supports are now seen at 98.25 (daily low), 98.00 (psychological level) and 97.75 (Sep 18 low).