USD/JPY unchanged after US data

By FXstreet.com | July 25, 2014 AAA

FXStreet (Córdoba) - Friday summer trading has confined most pairs in the FX market to a phase of consolidation, with the latest release of US data having little impact on the dollar.



US durable goods orders rose 0.7% in June versus 0.5% expected, while excluding transportation orders grew 0.8% against expectations of 0.6%.



The USD/JPY barely moved and continued to trade near 2-week highs above 101.80 after the release. At time of writing, the USD/JPY is trading at 101.85, a few pips above its opening price and 0.53% higher this week.



USD/JPY technical levels



As for technical levels, on the upside next resistances are seen at 102.00 (psychological level), 101.98/102.05 (200/100-day SMA) and 102.21 (Jul 4 high). On the other hand, supports are seen at 101.60 (21-day SMA), 101.41 (Jul 24 low) and 101.08 (Jul 18 low).



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