18 Dec 2014
USD/JPY climbs above 119.00 after jobless claims
FXStreet (Córdoba) - USD/JPY edged a tad higher and managed to regain the 119 mark after data showed US jobless claims unexpectedly declined last week.
Claims for unemployment benefits dropped by 6,000 to 289,000 last week, versus 295,000 expected. Data gave the dollar a mild boost and sent USD/JPY back above 119.00. USD/JPY is currently trading at the 119.10 zone, up 0.40% on the day, having reached a daily high of 119.16 so far.
USD/JPY has been moving away from 1-month lows over the last sessions, resuming its upward bias after staging a year-end correction from a 7-year high 121.83.
USD/JPY technical levels
As for near-term levels, USD/JPY could find immediate resistances at 119.55 (Dec 11 high) and 120.00 (psychological level), while supports are seen at 118.25 (daily low) and 118.00 (psychological level/Dec 16 high).
Claims for unemployment benefits dropped by 6,000 to 289,000 last week, versus 295,000 expected. Data gave the dollar a mild boost and sent USD/JPY back above 119.00. USD/JPY is currently trading at the 119.10 zone, up 0.40% on the day, having reached a daily high of 119.16 so far.
USD/JPY has been moving away from 1-month lows over the last sessions, resuming its upward bias after staging a year-end correction from a 7-year high 121.83.
USD/JPY technical levels
As for near-term levels, USD/JPY could find immediate resistances at 119.55 (Dec 11 high) and 120.00 (psychological level), while supports are seen at 118.25 (daily low) and 118.00 (psychological level/Dec 16 high).