Filed Under:
Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY extended gains to a fresh 1-month high propelled by stronger-than-expected ISM manufacturing PMI and construction spending.

USD/JPY eyes 100.00

USD/JPY broke above the 99.70 area and reached its highest since Aug 2 at 99.82 as stocks rallied after the latest string of indicators. With the calendar empty for the rest of the session, it remains to be seen whether the greenback manages to sustain momentum during the next hours, with 100.00 as the immediate bullish target.

USD/JPY technical levels

At time of writing, USD/JPY is trading around 99.65/70, where it records a 0.4% gain on the day. Immediate resistances are now seen at 100.00 (psychological level) and 100.44 (Jul 25 high), while supports are seen at 99.15 (daily low) and 98.95 (100-day SMA).
comments powered by Disqus