25 Jul 2013
USD/JPY wavers after US data
FXstreet.com (Córdoba) - The USD/JPY saw a short-lived rise following much better-than-expected US durable goods orders data which was offset by disappointing jobless claims.
USD/JPY hits fresh daily low
USD/JPY initially moved higher, reaching the 99.95 zone, only to quickly drop below to pre-data levels and hit a fresh daily low of 99.57. At time of writing, USD/JPY is trading at the 99.60/65 area, where it records a 0.6% loss on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks below 99.57, next supports are seen at 99.40 (Jul 24 low) and 99.15 (Jul 23 low). On the upside, resistances could now be faced at 99.95/100.00 (hourly high/psychological level) and 100.45 (daily high).
USD/JPY hits fresh daily low
USD/JPY initially moved higher, reaching the 99.95 zone, only to quickly drop below to pre-data levels and hit a fresh daily low of 99.57. At time of writing, USD/JPY is trading at the 99.60/65 area, where it records a 0.6% loss on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks below 99.57, next supports are seen at 99.40 (Jul 24 low) and 99.15 (Jul 23 low). On the upside, resistances could now be faced at 99.95/100.00 (hourly high/psychological level) and 100.45 (daily high).