FXStreet (San Francisco) - The USD/JPY advanced 20 pips post-US data from 102.55 area to break above 102.60 and to trade at highs since August 5 at 102.73.
Currently, USD/JPY is trading at 102.67, up 0.21% on the day, having posted a daily high at 102.73 and low at 102.44. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
PPI rose 0.1% MoM during July; +1.7% YoY. NY empire state manufacturing index declined more than expected to 14.69 in July; lowest since April.
In terms of options expiring in the NY cut, there are orders at 101.80/85 ($200 mln), 102.00 ($100 mln), 102.25 ($100 mln), 102.50 ($150 mln), 103.00, ($220 mln) and 103.50 ($455 mln) as FXBeat informed earlier in the day.
If the pair broke above the 102.70 area, it will fce resistances at 102.80 and 103.00. On the downside, 102.60 becomes as the first support ahead of 102.45 and 102.30.