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20 Jun 2013
USD/JPY eases along with US yields
FXstreet.com (Córdoba) - The USD/JPY has eased from highs at the beginning of the New York session after slightly disappointing US jobless claims and manufacturing PMI>.
USD/JPY hovers below 98.00
The USD/JPY has lost some of its shine as US yields receded following a strong rally, with the pair retreating from a high of 98.28 to the 97.55 area in recent dealings. At time of writing, USD/JPY is trading at the 97.70 zone, still up 1.3% on the day.
As for technical levels, on the downside, immediate supports are seen at 97.50 (intraday level) and 97.00 (psychological level), while resistances could be found at 98.30 (daily high) and 99.00 (psychological level/Jun 11 high).
USD/JPY hovers below 98.00
The USD/JPY has lost some of its shine as US yields receded following a strong rally, with the pair retreating from a high of 98.28 to the 97.55 area in recent dealings. At time of writing, USD/JPY is trading at the 97.70 zone, still up 1.3% on the day.
As for technical levels, on the downside, immediate supports are seen at 97.50 (intraday level) and 97.00 (psychological level), while resistances could be found at 98.30 (daily high) and 99.00 (psychological level/Jun 11 high).