USD/JPY steady after US jobless claims

By FXstreet.com | August 21, 2014 AAA

FXStreet (Córdoba) - The USD/JPY edged only slightly lower and remained well within today’s range, following the release of better-than-expected US employment data.



US jobless claims fell to 298,000 in the latest week from 312,000 and below the 300,000 expected by analysts. However, data had little impact on the dollar as investors focus remain on tomorrow’s Fed Yellen speech at Jackson Hole, Wyoming.



At time of writing, the USD/JPY is trading at 103.75, little changed on the day, having pulled back from a high of 103.95 scored earlier.



USD/JPY levels to watch



As for technical levels, above 103.95/104.00, next resistances could be found at 104.12 (Apr 4 high), 104.32 (76.4% Fibo of 105.44-100.75) and 104.84 (Jan 23 high). On the other hand, supports are seen at 103.66 (Aug 21 low), 103.00 (psychological level), 102.88 (Aug 20 low) and 102.51 (Aug 19 low).



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