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26 Aug 2013
USD/JPY treading water
FXstreet.com (Córdoba) - The USD/JPY found support at the 98.25 area where it bottomed at the beginning of the NY session, weighed by below expectations durable goods orders.
USD/JPY erases daily losses
USD/JPY bounced from lows and managed to completely erase its intraday losses as investors shrugged off the latest string of US data. Even though Fed "tapering" prospects rely on economic data, many analysts think weak homes sales and durable goods orders are unlikely to alter Fed schedule, as key data report in this respect remains the September NFP.
USD/JPY technical levels
USD/JPY returned to the 98.60 comfort zone, where it is at time of writing, virtually unchanged since opening. As for technical levels, immediate resistances are seen at 98.85 (daily high) and 99.15 (Aug 23 high), while on the other hand, supports are seen at 98.25 (Aug 23 low/100-hour SMA) and 98.00 (psychological level).
USD/JPY erases daily losses
USD/JPY bounced from lows and managed to completely erase its intraday losses as investors shrugged off the latest string of US data. Even though Fed "tapering" prospects rely on economic data, many analysts think weak homes sales and durable goods orders are unlikely to alter Fed schedule, as key data report in this respect remains the September NFP.
USD/JPY technical levels
USD/JPY returned to the 98.60 comfort zone, where it is at time of writing, virtually unchanged since opening. As for technical levels, immediate resistances are seen at 98.85 (daily high) and 99.15 (Aug 23 high), while on the other hand, supports are seen at 98.25 (Aug 23 low/100-hour SMA) and 98.00 (psychological level).