27 Jul 2015
USD/JPY stays at lows after US durable goods orders
FXStreet (Córdoba) - The dollar failed to recover ground and stayed near 2-week lows versus the yen after data showed US durable goods orders rose more than expected in June.
US durable goods orders fail to lift the dollar
Orders for durable goods rose a seasonally adjusted 3.4% in June, beating expectations of a 3.0% increase. May durable goods orders were upwardly revised to -2.1% compared with the previously reported 2.2% decrease. Excluding transportation, orders rose 0.8% against 0.5% expected.
USD/JPY was barely affected by data and continued to trade in the lower end of its recent range as investors await key events this week, including Fed meeting and GDP data. At time of writing, the pair is trading at 123.20, recording a 0.47% loss on the day.
USD/JPY technical levels
In terms of technical levels, USD/JPY could find next supports at 123.14 (Jul 27 low), 123.00 (psychological level) and 122.90 (Jul 14 low). On the other hand, resistances are seen at 123.82 (Jul 27 high/10-day SMA), 124.08 (Jul 24 high) and 124.17 (Jul 23 high).
US durable goods orders fail to lift the dollar
Orders for durable goods rose a seasonally adjusted 3.4% in June, beating expectations of a 3.0% increase. May durable goods orders were upwardly revised to -2.1% compared with the previously reported 2.2% decrease. Excluding transportation, orders rose 0.8% against 0.5% expected.
USD/JPY was barely affected by data and continued to trade in the lower end of its recent range as investors await key events this week, including Fed meeting and GDP data. At time of writing, the pair is trading at 123.20, recording a 0.47% loss on the day.
USD/JPY technical levels
In terms of technical levels, USD/JPY could find next supports at 123.14 (Jul 27 low), 123.00 (psychological level) and 122.90 (Jul 14 low). On the other hand, resistances are seen at 123.82 (Jul 27 high/10-day SMA), 124.08 (Jul 24 high) and 124.17 (Jul 23 high).