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31 Oct 2013
USD/JPY steady after US jobless claims
FXstreet.com (Córdoba) - The USD/JPY remained little changed near daily lows after data showed US jobless claims fell last week.
The number of people applying for unemployment benefits fell by 10,000 last week to 340,000, slightly above expectations of 339,000. The USD/JPY edged only marginally higher after data and touched a session high 98.32. At time of writing, USD/JPY is trading at the 98.25 zone, still 0.2% below its opening price. The pair has been slowly correcting lower ever since peaking at 98.67 Wednesday on the back of Fed's statement.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate supports at 98.15 (daily low), 98.05 (Oct 30 low) and 97.50 (200-day SMA), while resistances line up at 98.57 (daily high) and 98.67 (Oct 30 high).
The number of people applying for unemployment benefits fell by 10,000 last week to 340,000, slightly above expectations of 339,000. The USD/JPY edged only marginally higher after data and touched a session high 98.32. At time of writing, USD/JPY is trading at the 98.25 zone, still 0.2% below its opening price. The pair has been slowly correcting lower ever since peaking at 98.67 Wednesday on the back of Fed's statement.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate supports at 98.15 (daily low), 98.05 (Oct 30 low) and 97.50 (200-day SMA), while resistances line up at 98.57 (daily high) and 98.67 (Oct 30 high).