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17 Jun 2013
USD/JPY consolidates below 95.00
FXstreet.com (Córdoba) - The USD/JPY continues to consolidate below the 95.00 mark on a quiet start to the week as investors cautiously await the Fed decision on Wednesday.
USD/JPY unchanged after data
USD/JPY remained little changed at the 94.80/90 zone even after data showed the NY manufacturing activity bounced in June. The pair is currently trading at 94.85, 0.8% above its opening price, having hit a daily high of 95.15 so far.
As for technical levels, on the upside, if USD/JPY breaks decisively above 95.10, next resistances are seen at 95.35 (100-hour SMA) and 95.80 (Jun 14 high), while supports could be found at 94.00 (psychological level) and 93.80 (Jun 13 low).
USD/JPY unchanged after data
USD/JPY remained little changed at the 94.80/90 zone even after data showed the NY manufacturing activity bounced in June. The pair is currently trading at 94.85, 0.8% above its opening price, having hit a daily high of 95.15 so far.
As for technical levels, on the upside, if USD/JPY breaks decisively above 95.10, next resistances are seen at 95.35 (100-hour SMA) and 95.80 (Jun 14 high), while supports could be found at 94.00 (psychological level) and 93.80 (Jun 13 low).