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Forex pairs in this Article » USD/JPY (New York) - The USD/JPY technical pair was unable to touch the 99.00 level Thursday morning, peaking at 98.98 (intraday high), following what has turned into a USD rally across the board after better-than-expected US data.

In the United States, Initial Jobless Claims (July 26) came in at 326k, beating estimates of 345k. Moreover, Continuing Jobless Claims (July 20) yielded a figure of 2.951M, against expectations of 2.994M. Finally, Markit Manufacturing PMI improved to 53.7, besting a projection of only 53.1.

At the time of writing, the USD/JPY is presently negotiating a gain of +1.00% above it’s opening, trading at the 98.98 level during US trading. In terms of the technical levels, after a earlier rise above the 98.71 resistance, the USD/JPY remains constrained by added means at the 99.00 barrier, which has thus far provided staunch resistance, notes the Danske Research Team.

USD/JPY strategic bias

According to the Technical Analyst Team at, “The USD/JPY managed to stabilize above 98.60 as Linear Regression Indicators are sowing more positivity. However, the stochastic is showing intraday overbought signals forcing us to remain neutral today.”
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