18 Jul 2013
USD/JPY surges to fresh daily highs
FXstreet.com (New York) - The USD/JPY foreign exchange rate jumped to fresh highs Thursday, having recently benefitted from a resurgent USD during US trading.
In the United States, the Philadelphia Fed Manufacturing Survey (July) came in at 19.8, beating expectations of 7.8. In addition, the CB Leading Indicator (June) reported no change, missing estimates that called for +0.3%.
In these moments, the USD/JPY is now operating at 100.43, now up +0.81%, Thursday. Briefing the technicals, the Danske Research Team points to resistances at 100.49, into 100.64, and finally 100.77.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.95 levels and the positive Linear Regression Indicators despite halting the upside move. Therefore, we hold on to our positive expectations today.”
In the United States, the Philadelphia Fed Manufacturing Survey (July) came in at 19.8, beating expectations of 7.8. In addition, the CB Leading Indicator (June) reported no change, missing estimates that called for +0.3%.
In these moments, the USD/JPY is now operating at 100.43, now up +0.81%, Thursday. Briefing the technicals, the Danske Research Team points to resistances at 100.49, into 100.64, and finally 100.77.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.95 levels and the positive Linear Regression Indicators despite halting the upside move. Therefore, we hold on to our positive expectations today.”