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19 Sep 2013
USD/JPY climbing on an attempt
FXstreet.com (London) - USD/JPY, having had offers come in down to 99.20, has started to build a path towards the highs again, currently 99.46.
USD/JPY got a lift from better data from the US. The US reported initial jobless claims rose to 309K last week, beating expectations, while the current account deficit contracted to 98.89B in the Q2.
USD/JPY Levels
The 20 DMA is 98.97, the 50 DMA is 98.64 and the 200 DMA is 95.88. RSI (14) reads 64.32. Supports are ascending from 97.29, 97.45, 97.65, 97.76, 98.57, 98.79 and 99.12. Spot is 99.46. The pair eyes 100.00/60 for September highs.
USD/JPY got a lift from better data from the US. The US reported initial jobless claims rose to 309K last week, beating expectations, while the current account deficit contracted to 98.89B in the Q2.
USD/JPY Levels
The 20 DMA is 98.97, the 50 DMA is 98.64 and the 200 DMA is 95.88. RSI (14) reads 64.32. Supports are ascending from 97.29, 97.45, 97.65, 97.76, 98.57, 98.79 and 99.12. Spot is 99.46. The pair eyes 100.00/60 for September highs.