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26 Aug 2013
USD/JPY stable ahead of US data
FXstreet.com (Córdoba) - After dropping to daily lows at the 98.40 region, USD/JPY found support and managed to bounce during the European session, erasing intraday losses.
USD/JPY eyes US durable goods orders
USD/JPY climbed back to the 98.60 area and remains virtually unchanged on the day ahead of the US durable goods orders release, which could trigger a sharper move as investors’ focus remains on whether the Fed will begin to taper its bond-buying program next month.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 98.60/65 zone, with immediate resistances at 98.85 (daily high) and 99.15 (Aug 23 high), while on the other hand, supports are seen at 98.40 (Aug 23 low) and 98.15 (100-hour SMA).
USD/JPY eyes US durable goods orders
USD/JPY climbed back to the 98.60 area and remains virtually unchanged on the day ahead of the US durable goods orders release, which could trigger a sharper move as investors’ focus remains on whether the Fed will begin to taper its bond-buying program next month.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 98.60/65 zone, with immediate resistances at 98.85 (daily high) and 99.15 (Aug 23 high), while on the other hand, supports are seen at 98.40 (Aug 23 low) and 98.15 (100-hour SMA).