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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY received a boost and extended its bounce from lows after data showed US durable goods orders unexpectedly rose in May, beating analysts' expectations, with overall durables up 3.6%, ex-transportation orders up 0.7%.

USD/JPY erases intraday losses

USD/JPY, which was trading at the 97.40 zone before the data, climbed to a session high of 97.70 before losing momentum. At time of writing, the pair is trading at the 97.65/70 area, virtually unchanged on the day.

As for technical levels, on the upside next resistances for USD/JPY are seen at 98.05 (daily high) and 98.70 (Jun 24 high), while supports could be found at 96.95 (daily low) and 96.85 (Jun 21 low).
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