24 Jul 2014
USD/JPY jumps above 101.75 amid upbeat jobless claims
FXStreet (San Francisco) - The US Dollar is trading higher against the Japanese Yen following a better than expected jobless claims data in the US. The USD/JPY jumped around 15 pips from 101.60 to reach fresh highest levels since July 16 at 101.75.
Currently, USD/JPY is trading at 101.76, up 0.28% on the day, having posted a daily high at 101.79 and low at 101.41. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
USD/JPY sentiment
The "USD/JPY finally finds the buy stops through 101.65," comments Gerry Davies from FXBeat. "We're closing in on an interesting level, namely 101.80. Talk of buy stops through the level, but also talk of sell orders clustered 101.80/00."
Currently, USD/JPY is trading at 101.76, up 0.28% on the day, having posted a daily high at 101.79 and low at 101.41. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
USD/JPY sentiment
The "USD/JPY finally finds the buy stops through 101.65," comments Gerry Davies from FXBeat. "We're closing in on an interesting level, namely 101.80. Talk of buy stops through the level, but also talk of sell orders clustered 101.80/00."