10 Apr 2014
USD/JPY extends advance above 101.80 after claims
FXStreet (San Francisco) - The US dollar got a push from better than expected data in US as the USD/JPY reacted to the upside and it’s extending its recovery from 101.40 to break above 101.80 and trade at 101.90.
300K initial Jobless claims were reported in the April 4 week, less than expected while continuing claims decline more than expected too.
Currently, USD/JPY is trading at 101.81, down -0.18% on the day, having posted a daily high at 102.16 and low at 101.42. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair holds above the 101.80 level, next resistances would be at 102.10 and 102.20. On the downside, supports are at 101.60 and 101.40.
300K initial Jobless claims were reported in the April 4 week, less than expected while continuing claims decline more than expected too.
Currently, USD/JPY is trading at 101.81, down -0.18% on the day, having posted a daily high at 102.16 and low at 101.42. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
USD/JPY levels
If the pair holds above the 101.80 level, next resistances would be at 102.10 and 102.20. On the downside, supports are at 101.60 and 101.40.