24 Apr 2014
USD/JPY slowly trims daily losses
FXStreet (Córdoba) - The USD/JPY fell nearly half a cent and printed fresh daily lows as the pair came under pressure falling rejection from the 102.65 area during the NY session.
The USD/JPY spiked to daily highs following solid US durable goods orders data, but quickly turned south and fell all the way to 102.08. However, the pair seems to be unable to set a longer-term direction and continues to consolidate within familiar boundaries. At time of writing, the USD/JPY is trading at 102.35, recording a 0.18% loss on the day.
USD/JPY technical levels
In terms of technical levels, on the upside resistances line up at 102.71 (Apr 22 high), 102.88 (100-day SMA) and 103.00 (psychological level). Meanwhile, supports are seen at the 102.08/00 zone (Apr 24 low/psychological level) and 101.85 (Apr 17 low).
The USD/JPY spiked to daily highs following solid US durable goods orders data, but quickly turned south and fell all the way to 102.08. However, the pair seems to be unable to set a longer-term direction and continues to consolidate within familiar boundaries. At time of writing, the USD/JPY is trading at 102.35, recording a 0.18% loss on the day.
USD/JPY technical levels
In terms of technical levels, on the upside resistances line up at 102.71 (Apr 22 high), 102.88 (100-day SMA) and 103.00 (psychological level). Meanwhile, supports are seen at the 102.08/00 zone (Apr 24 low/psychological level) and 101.85 (Apr 17 low).