14 Apr 2014
USD/JPY climbs to 102.00 on US retail sales
FXStreet (San Francisco) - The US dollar got a push from the better than expected US retail sales data. Against the Japanese yen, the greenback is rallying to daily highs around 102.00.
Retail sales jumped 1.1% in March; beating expectations and performing the biggest monthly advance since September 2012; Ex-autos was also above expectations with a 0.7% rise.
Currently, USD/JPY is trading at 101.90, up 0.32% on the day, having posted a daily high at 102.03 and low at 101.42. Spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels to watch
If the pair breaks above the 102.00 mark, it would face new resistances at 102.15, 102.50 and 102.60. On the downside, supports are at 101.50, 101.40 and101.30.
Retail sales jumped 1.1% in March; beating expectations and performing the biggest monthly advance since September 2012; Ex-autos was also above expectations with a 0.7% rise.
Currently, USD/JPY is trading at 101.90, up 0.32% on the day, having posted a daily high at 102.03 and low at 101.42. Spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels to watch
If the pair breaks above the 102.00 mark, it would face new resistances at 102.15, 102.50 and 102.60. On the downside, supports are at 101.50, 101.40 and101.30.