15 Jul 2014
USD/JPY rises to test daily highs post-US data
FXStreet (San Francisco) - The USD/JPY reacted to the upside after mixed data in the US as the pair rose to test daily highs around 101.65.
The US retail sales rose 0.2% in May, weaker than the 0.5% expected by market but the previous month was revised up 2 bps to 0.5%. On the other hand, the NY empire state manufacturing index jumped to 25.6 in July; its highest number since April 2010.
Currently, USD/JPY is trading at 101.64, up 0.11% on the day, having posted a daily high at 101.66 and low at 101.51. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/JPY sentiment
Gerry Davies from FXBeat recalls the flow-wise: "Buy orders clustered 101.30/40 and more 101.00/10 where Kampo is supposedly lying in wait. Sell orders clustered 101.60/70 (so far capping topside) Hopefully not for too much longer."
The US retail sales rose 0.2% in May, weaker than the 0.5% expected by market but the previous month was revised up 2 bps to 0.5%. On the other hand, the NY empire state manufacturing index jumped to 25.6 in July; its highest number since April 2010.
Currently, USD/JPY is trading at 101.64, up 0.11% on the day, having posted a daily high at 101.66 and low at 101.51. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
USD/JPY sentiment
Gerry Davies from FXBeat recalls the flow-wise: "Buy orders clustered 101.30/40 and more 101.00/10 where Kampo is supposedly lying in wait. Sell orders clustered 101.60/70 (so far capping topside) Hopefully not for too much longer."