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Forex pairs in this Article » USD/JPY (Athens): The USD/JPY is moving upwards after Jackson’s Hole meeting and ahead of US durable goods orders release.

USD/JPY flirting with 99 level ahead of US durable goods orders release

The USD/JPY is congested around 98.55 area, on Monday’s morning European trading session. The BoJ’s governor Haruhiko Kuroda, said on Saturday the bold policy actions that he has championed to spur his nation's moribund economy were gaining traction. "The bank's policy has already started to exert its intended effects," Kuroda told the annual Jackson Hole central banker's retreat in Wyoming. On the other hand, today’s news about US durable goods orders release, might give a substantial impetus to the pair.

Technical outlook on USD/JPY

At the time of writing, the pair is trading at 98.56 area, down 0.01%. The Trend Index shows the pair to be slightly bearish. Daily pivot point support can be found at 98.17, 97.92, 97.68 and resistance at 98.94, 99.14 and 99.43, respectively.
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