USD/JPY stays near monthly lows after US data

USD/JPY continues to consolidate within its post-BOJ, Fed range, near multi-week lows, while investors continue to digest US presidential debate, where Clinton was perceived as the winner.

USD/JPY made an upside attempt and reached a daily peak of 100.98, although the dollar failed to secure gains and pulled back over the last hours. The pair slid back to the 100.20 area, and it was last trading around 100.45, just a few pips above its opening price. 

On the data front, services PMI gauged by Markit for US came in at 51.9 versus 51 expected in September, while Consumer Confidence index rose to 104.1 versus 99.8 expected and 101.80 the previous month. The Richmond Fed mfg index rose to -8 in September versus -11 the previous month. 

The dollar inched only slightly higher after the data, while a speech by FOMC’s VP Stanley Fischer is still on tap.

USD/JPY levels to consider

In terms of technical levels, next supports are seen at 100.07/00 (Sep 27 low/psychological level), 99.53 (Aug 16 low) and 98.98 (Jun 24 low). On the flip side, resistances could be found at 101.28 (10-day SMA), 102.16 )50-day SMA) and 102.77 (Sep 21 high).