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15 Aug 2013
USD/JPY jumps to 10-day high after US data
FXstreet.com (Córdoba) - The US dollar extended gains across the board, with USD/JPY reaching a fresh 10-day high, encouraged by better-than-expected US jobless claims.
USD/JPY broke above the 98.20 area and rallied to a fresh peak of 98.62 before losing some momentum. At time of writing, USD/JPY is trading around 98.55, where it records a % gain on the day.
US jobless claims exceed expectations
US jobless claims dropped to 320K last week versus 335K expected by analysts. In separated data, US consumer prices rose in line with expectations. The CPI index rose 0.2% MoM or 2.0% YoY while the core CPI rose 0.2% MoM or 1.7% YoY.
USD/JPY technical levels
As for technical levels, immediate resistances could be faced at 98.80 (100-day SMA) and 99.00 (psychological level), while supports are seen at 97.55 (daily low) and 97.35 (200-hour SMA).
USD/JPY broke above the 98.20 area and rallied to a fresh peak of 98.62 before losing some momentum. At time of writing, USD/JPY is trading around 98.55, where it records a % gain on the day.
US jobless claims exceed expectations
US jobless claims dropped to 320K last week versus 335K expected by analysts. In separated data, US consumer prices rose in line with expectations. The CPI index rose 0.2% MoM or 2.0% YoY while the core CPI rose 0.2% MoM or 1.7% YoY.
USD/JPY technical levels
As for technical levels, immediate resistances could be faced at 98.80 (100-day SMA) and 99.00 (psychological level), while supports are seen at 97.55 (daily low) and 97.35 (200-hour SMA).