23 Jul 2015
USD/JPY surrenders jobless claims-inspired gains
FXStreet (Córdoba) - Despite strong US jobless claims data, the dollar was unable to sustain gains versus the yen and pulled back after a short-lived spike.
USD/JPY has oscillated in a 50-pip range throughout the day, tracking USD behaviour but unable to set a clear direction. USD/JPY has pulled back from a peak of 124.17 to the 123.70 area, erasing completely gains inspired by the best jobless claims reading in over 40 years.
USD/JPY key levels
At time of writing, the pair is trading at 123.78, down 0.14% on the day. As for technical levels, next supports are seen at 123.66 (Jul 23 low), 123.56 (Jul 22 low) and 123.25 (Jul 15 low). On the other hand, resistances could be found at 124.15/17 (Jul 22 & 23 highs), 124.47 (Jul 21 high) and 124.60 (Jun 10 high).
USD/JPY has oscillated in a 50-pip range throughout the day, tracking USD behaviour but unable to set a clear direction. USD/JPY has pulled back from a peak of 124.17 to the 123.70 area, erasing completely gains inspired by the best jobless claims reading in over 40 years.
USD/JPY key levels
At time of writing, the pair is trading at 123.78, down 0.14% on the day. As for technical levels, next supports are seen at 123.66 (Jul 23 low), 123.56 (Jul 22 low) and 123.25 (Jul 15 low). On the other hand, resistances could be found at 124.15/17 (Jul 22 & 23 highs), 124.47 (Jul 21 high) and 124.60 (Jun 10 high).