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Trading news
16 Apr 2015
USD/JPY revisits daily highs
FXStreet (Córdoba) - USD/JPY rose considerably at the beginning of the New York session and retested daily highs as the dollar picked up momentum following better-than-expected manufacturing data.
After shrugging off below-expectations jobless claims and housing starts, USD was underpinned by the Philly Fed manufacturing index (7.5 vs 6 exp in April). USD/JPY climbed to a session high of 119.42 just a couple of pips shy of its European session peak.
USD/JPY technical levels
At time of writing, the pair was trading at 119.40, recording a 0.23% gain on the day. Immediate resistances are now seen at 119.45 (daily high) and 119.73/76 (Apr 15 high/21-day SMA). On the other hand, supports could be found at 118.78 (Apr 15 & 16 low) and 118.32 (Mar 26 low).
After shrugging off below-expectations jobless claims and housing starts, USD was underpinned by the Philly Fed manufacturing index (7.5 vs 6 exp in April). USD/JPY climbed to a session high of 119.42 just a couple of pips shy of its European session peak.
USD/JPY technical levels
At time of writing, the pair was trading at 119.40, recording a 0.23% gain on the day. Immediate resistances are now seen at 119.45 (daily high) and 119.73/76 (Apr 15 high/21-day SMA). On the other hand, supports could be found at 118.78 (Apr 15 & 16 low) and 118.32 (Mar 26 low).