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Forex pairs in this Article » USD/JPY
FXstreet.com (Chicago) - USD/JPY managed to rebound from 99.78 lows to snap back above the 100 level in the afternoon of the American trading session.

Data recap

Earlier today in Japan, the All Industry activity index (MoM) for September was released at 0.4% vs. expected 0.5% and prior 0.3%. In the US, a plethora of data was made public: the MBA mortgage applications were -2.3% vs. prior -1.8%, the CPI (YoY) was 1% matching expectations while the monthly data was -0.1% vs. expected 0%. The CPI ex food & energy (YoY) was 1.7%. Retail sales were 0.4% vs. expected 0.1%. Business inventories were 0.6% vs. expected 0.3% and existing home sales were -3.2% vs. estimates at -2.6%.

USD/JPY Technical Levels


Technically speaking, the pair is offered at 100.08 after managing to regain the level on rebound from 99.78 session lows. On the downside, supports are aligned at 99.67 (November 12th highs), 99 (November 13th lows) ahead of 98.48 (November 6th lows) and the upside prints resistances set at 100.44 (November 15th highs), 100.71 (July 8th lows) followed by 101.56 (July 8th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates above the EMA20.
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