15 Nov 2013
USD/JPY backs away from 2-month high
FXstreet.com (Córdoba) - The USD/JPY extended its pullback from 2-month highs at the beginning of the New York session after a string of soft US data.
USD/JPY weighed by soft US data
Data showed imports and exports prices fell more than expected in October while the NY Empire State Manufacturing Index dropped to -2.1 in November missing forecast of a rise to 5.0. The USD/JPY retreated further from a high of 100.42, sliding to a session low of 100.13 most recently.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 100.20 zone, still up 0.2% on the day, with immediate supports at the 100.00 mark and 99.93 (daily low). Meanwhile, if USD/JPY manages to rise above 100.42 (daily high) it could target 100.60 (Sep 11 high) en route to 100.86 (Jul 19 high).
USD/JPY weighed by soft US data
Data showed imports and exports prices fell more than expected in October while the NY Empire State Manufacturing Index dropped to -2.1 in November missing forecast of a rise to 5.0. The USD/JPY retreated further from a high of 100.42, sliding to a session low of 100.13 most recently.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 100.20 zone, still up 0.2% on the day, with immediate supports at the 100.00 mark and 99.93 (daily low). Meanwhile, if USD/JPY manages to rise above 100.42 (daily high) it could target 100.60 (Sep 11 high) en route to 100.86 (Jul 19 high).