15 Sep 2015
USD/JPY immune to US retail sales
FXStreet (Córdoba) - USD/JPY remained barely unchanged trading near daily lows following the release of below expectations US retail sales data.
US retail sales rose 0.2% in August versus 0.3% of forecast, while excluding autos sales grew 0.1% versus 0.2% expected. Revised figures showed sales climbed 0.7% in July and were flat in June. Separated data showed September 2015 US Empire state manufacturing index fell to -14.67 against -0.75 expected.
USD/JPY however, managed to edge a few pips higher following the release as all market cares about at the moment is the Fed decision on Thursday. At time of writing, USD/JPY is trading at 119.81, down 0.33% on the day,
USD/JPY fell to a 1-week low of 119.39 earlier on the day, as the yen strengthened sharply following BoJ decision to keep monetary policy unchanged.
USD/JPY levels to watch
As for technical levels, immediate supports are seen at 119.39 (Sep 15 low), 119.00 (psychological level) and 118.84 (Sep 8 low). On the flip side, immediate resistances could be found at 120.64 (Sep 15 high) and 120.80/83 (200-day SMA/ Sep 14 high) and 120.95 (Sep 11 high).
US retail sales rose 0.2% in August versus 0.3% of forecast, while excluding autos sales grew 0.1% versus 0.2% expected. Revised figures showed sales climbed 0.7% in July and were flat in June. Separated data showed September 2015 US Empire state manufacturing index fell to -14.67 against -0.75 expected.
USD/JPY however, managed to edge a few pips higher following the release as all market cares about at the moment is the Fed decision on Thursday. At time of writing, USD/JPY is trading at 119.81, down 0.33% on the day,
USD/JPY fell to a 1-week low of 119.39 earlier on the day, as the yen strengthened sharply following BoJ decision to keep monetary policy unchanged.
USD/JPY levels to watch
As for technical levels, immediate supports are seen at 119.39 (Sep 15 low), 119.00 (psychological level) and 118.84 (Sep 8 low). On the flip side, immediate resistances could be found at 120.64 (Sep 15 high) and 120.80/83 (200-day SMA/ Sep 14 high) and 120.95 (Sep 11 high).