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18 Dec 2013
USD/JPY jumps to 103.20 after US data
FXstreet.com (San Francisco) - The US dollar reacted to the upside against the Japanese Yen following the 22.7% jump in housing starts in November.
The USD/JPY advanced around 25 pips in the latest few minutes from 102.95 to test intra-day high at 103.25. Currently the pair is pricing at 103.10, 0.40% positive on the day.
The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
USD/JPY technicals
Above the 103.20, the USD/JPY would face resistances at 103.35 and 103.70. On the downside, supports are at 102.80, 102.60 and 102.50.
The USD/JPY advanced around 25 pips in the latest few minutes from 102.95 to test intra-day high at 103.25. Currently the pair is pricing at 103.10, 0.40% positive on the day.
The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
USD/JPY technicals
Above the 103.20, the USD/JPY would face resistances at 103.35 and 103.70. On the downside, supports are at 102.80, 102.60 and 102.50.