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Forex pairs in this Article » USD/JPY (New York) - The USD/JPY technical pair surged higher on upbeat Japanese economic data in recent moments, notching fresh overnight highs at the time of writing.

USD/JPY on the upswing, 100.00 in sights?

At the time of writing, the USD/JPY is operating at 99.49, up +0.20% during Asian trading. According to the BNZ Research Team, “The return of the USD/JPY onto a 99 handle on Friday (low of 93.85 in mid-June) may encourage the spec community to launch another assault on 100 this week, although we suspect we’ll need US data to play ball as well.”

USD/JPY upbeat Japanese data in focus

In Japan, the Tankan Large Manufacturing Outlook (Q2) reported at 10.0, beating expectations of 7.0. Moreover, Tankan Large All Industry Capex (Q2) yielded a figure of +5.5%, exceeding estimates of +2.9%. Finally, the Tankan Large Manufacturing Index (Q2) yielded 4.0, against projections calling for -6.0.
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