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30 Apr 2013
Forex: USD/JPY at lows of 97.70 after jump to 98.13 high
FXstreet.com (Barcelona) - Today’s releases of Japan data triggered a jump back to 98.00 ground, to 98.13 high, but such momentum didn’t last long and the USD/JPY is now down at its lows, around 97.70.
Japan’s vehicle production fell from -15.1% to -16.4% in March, while housing starts rose from 3.0% to 7.3% (consensus of 5.5%) but annualized housing starts eased from 0.944M to 0.904M. Construction orders fell from 16.3% to -3.4%.
Mataf.net analysts point to resistance at 98.20, 98.85 and 99.50, while supports are at 97.65, 97.35 and 97.20.
Japan’s vehicle production fell from -15.1% to -16.4% in March, while housing starts rose from 3.0% to 7.3% (consensus of 5.5%) but annualized housing starts eased from 0.944M to 0.904M. Construction orders fell from 16.3% to -3.4%.
Mataf.net analysts point to resistance at 98.20, 98.85 and 99.50, while supports are at 97.65, 97.35 and 97.20.