27 Jun 2013
USD/JPY briefly dips below 98.00 after US data
FXstreet.com (Córdoba) - The USD/JPY saw a quick dip following the latest release of US data, which showed initial jobless claims declined less than expected last week, while personal spending and consumption data was generally positive.
USD/JPY holds above 20-hour SMA
USD/JPY briefly dropped below the 98.00 mark to a session low of 97.88, but found support at the 20-hour SMA. At time of writing, USD/JPY is trading around 98.05/10 from 98.15 before data but 0.2% above its opening price.
As for technical levels, on the upside next resistances are seen at 98.37 (daily high) and 98.70 (Jun 24 high), while immediate supports are seen at 97.85 (20-hour SMA) and 97.55 (daily low).
US initial jobless claims drop
US jobless claims fell to 346K in the week ending Jun 22,, slightly above the 345K expected but down from the final 355K scored the previous week.
USD/JPY holds above 20-hour SMA
USD/JPY briefly dropped below the 98.00 mark to a session low of 97.88, but found support at the 20-hour SMA. At time of writing, USD/JPY is trading around 98.05/10 from 98.15 before data but 0.2% above its opening price.
As for technical levels, on the upside next resistances are seen at 98.37 (daily high) and 98.70 (Jun 24 high), while immediate supports are seen at 97.85 (20-hour SMA) and 97.55 (daily low).
US initial jobless claims drop
US jobless claims fell to 346K in the week ending Jun 22,, slightly above the 345K expected but down from the final 355K scored the previous week.