4 Sep 2013
USD/JPY makes new low after US trade balance
FXstreet.com (Córdoba) - The USD/JPY edged a tad lower and made a marginal new low for the day after data showed US trade deficit widened more than expected in July. US trade gap expanded by 13.3% to $39.15 billion, missing forecast of $38.7 billion gap.
USD/JPY rangebound ahead of key data
USD/JPY dropped a few pips and slid from 99.45 to a fresh daily low of 99.32 following the data, although reaction was quite shy as investors refrain from taking big positions ahead of key US data later this week. The Fed's Beige Book will attract attention Wednesday, but ahead of Friday's NFP report, tapering expectations are unlikely to change.
USD/JPY levels to watch
At time of writing, USD/JPY is trading around 99.40, 0.2% below its opening price. In terms of technical levels, USD/JPY resistances line up at the 99.80/85 area (Sep 3 & 4 highs) and 100.00 (psychological level), while on the other hand, supports are seen at 99.15 (Sep 3 low) and 99.00 (psychological level).
USD/JPY rangebound ahead of key data
USD/JPY dropped a few pips and slid from 99.45 to a fresh daily low of 99.32 following the data, although reaction was quite shy as investors refrain from taking big positions ahead of key US data later this week. The Fed's Beige Book will attract attention Wednesday, but ahead of Friday's NFP report, tapering expectations are unlikely to change.
USD/JPY levels to watch
At time of writing, USD/JPY is trading around 99.40, 0.2% below its opening price. In terms of technical levels, USD/JPY resistances line up at the 99.80/85 area (Sep 3 & 4 highs) and 100.00 (psychological level), while on the other hand, supports are seen at 99.15 (Sep 3 low) and 99.00 (psychological level).