31 Jul 2013
USD/JPY spikes to 98.56
FXstreet.com (London) - USD/JPY has spiked up on better US data.
First up from the US was the ADP unemployment change report posting 200k vrs a consensus of 180k against previous 198k. Then, we had the GDP Annualised Q2 1.7% vrs 1.2% and 1.1%. The pair also faced PCE Q2 Q/Q coming in negatively 0.0% vrs 1.6% consensus, albeit less in focus than the GDP and employment change data. Next up, FOMC.
USD/JPY breaks key 98.00
The pair had been sitting near to the base of the cloud exposing 96.75/95/40 areas and risk to 93.75 recent lows. But now the pair has broken key resistance at 98.00 and reached 98.60 to close the gap from Fri close / Mon open, exceeding yesterdays highs. Supports are from 96.95, 97.58, 97.64, 97.76 and 98.20. While spot is 98.35 resistances are 98.60/71, and 99.00.
First up from the US was the ADP unemployment change report posting 200k vrs a consensus of 180k against previous 198k. Then, we had the GDP Annualised Q2 1.7% vrs 1.2% and 1.1%. The pair also faced PCE Q2 Q/Q coming in negatively 0.0% vrs 1.6% consensus, albeit less in focus than the GDP and employment change data. Next up, FOMC.
USD/JPY breaks key 98.00
The pair had been sitting near to the base of the cloud exposing 96.75/95/40 areas and risk to 93.75 recent lows. But now the pair has broken key resistance at 98.00 and reached 98.60 to close the gap from Fri close / Mon open, exceeding yesterdays highs. Supports are from 96.95, 97.58, 97.64, 97.76 and 98.20. While spot is 98.35 resistances are 98.60/71, and 99.00.