5 May 2014
USD/JPY clings to 102.00 after US data
FXStreet (Córdoba) - The USD/JPY continues to trade within its European session range as the recent release of better-than-expected US services data, failed to inspire the greenback.
The USD/JPY was barely affected by ISM data which showed the US services sector expanded at a faster pace in April, with the PMI at 55.2 versus 54.1 expected. The USD/JPY remained clung to 102.00, unable to set a fresh direction, having spent the last hours within 101.85 and 102.15.
USD/JPY technical levels
At time of writing, the USD/JPY is trading at 102.07, still down 0.15% on the day. As for technical levels, the pair could find next supports at 101.85 (May 5 low), 101.49 (Apr 15 low) and 101.31 (Apr 11 low). On the flip side, resistances are seen at 102.25 (May 5 high), 102.38 (50-day SMA) and 102.65 (Apr 30 high).
The USD/JPY was barely affected by ISM data which showed the US services sector expanded at a faster pace in April, with the PMI at 55.2 versus 54.1 expected. The USD/JPY remained clung to 102.00, unable to set a fresh direction, having spent the last hours within 101.85 and 102.15.
USD/JPY technical levels
At time of writing, the USD/JPY is trading at 102.07, still down 0.15% on the day. As for technical levels, the pair could find next supports at 101.85 (May 5 low), 101.49 (Apr 15 low) and 101.31 (Apr 11 low). On the flip side, resistances are seen at 102.25 (May 5 high), 102.38 (50-day SMA) and 102.65 (Apr 30 high).