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10 Sep 2015
USD/JPY slides back below 121.00
FXStreet (Córdoba) - USD/JPY edged a tad lower, pulling back from a 10-day high to fresh session lows, following the release of mixed US data.
US initial jobless claims dropped by 6,000 to 275,000 in the week ending Sep 4, matching analysts’ consensus. Meanwhile, separated data showed export and import prices fell much more than expected in August, with import price index falling 1.8% in August and 11.4% YoY.
USD/JPY slid to a session low of 120.58 but recovered slightly in the subsequent minutes to currently trade around 120.85, still up 0.34% on the day.
USD/JPY levels to watch
In terms of technical levels, next resistances are seen at 121.32 (Sep 10 high), 121.64 (Aug 31 high) and 122.00/01 (psychological level/Aug 24 high). On the flip side, supports could be found at 119.97 (Sep 10
US initial jobless claims dropped by 6,000 to 275,000 in the week ending Sep 4, matching analysts’ consensus. Meanwhile, separated data showed export and import prices fell much more than expected in August, with import price index falling 1.8% in August and 11.4% YoY.
USD/JPY slid to a session low of 120.58 but recovered slightly in the subsequent minutes to currently trade around 120.85, still up 0.34% on the day.
USD/JPY levels to watch
In terms of technical levels, next resistances are seen at 121.32 (Sep 10 high), 121.64 (Aug 31 high) and 122.00/01 (psychological level/Aug 24 high). On the flip side, supports could be found at 119.97 (Sep 10