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27 Feb 2014
USD/JPY through 102.00 after US data
FXStreet (Edinburgh) - The USD/JPY manages to break above the 102.00 on Thursday, after US Durable Goods Orders surprised to the upside.
USD/JPY bounces off 101.80
Increased risk aversion dragged the pair to session lows in sub-101.80 levels, bouncing to the area beyond 102.00 the figure after US Durable Goods Orders contracted less than expected in January and Initial Claims rose above estimates to 348K in the week ended on February 21. Ahead in the day, market participants would closely watch J.Yellen’s speech due at 15GMT.
USD/JPY key levels
The pair is now retreating 0.28% at 102.07 with the next support at 101.67 (low Feb.20) followed by 101.38 (low Feb.17) and then 101.25 (low Feb.6). On the upside, a breakout of 102.45 (high Feb.27) would expose 102.63 (high Feb.25) and finally 102.68 (high Feb.24).
USD/JPY bounces off 101.80
Increased risk aversion dragged the pair to session lows in sub-101.80 levels, bouncing to the area beyond 102.00 the figure after US Durable Goods Orders contracted less than expected in January and Initial Claims rose above estimates to 348K in the week ended on February 21. Ahead in the day, market participants would closely watch J.Yellen’s speech due at 15GMT.
USD/JPY key levels
The pair is now retreating 0.28% at 102.07 with the next support at 101.67 (low Feb.20) followed by 101.38 (low Feb.17) and then 101.25 (low Feb.6). On the upside, a breakout of 102.45 (high Feb.27) would expose 102.63 (high Feb.25) and finally 102.68 (high Feb.24).