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17 Apr 2014
USD/JPY challenges highs after US jobless claims
FXStreet (Córdoba) - The USD/JPY took a step higher and is challenging daily highs as the dollar strengthened on the back of better-than-expected US jobless data.
US jobless claims rose 2,000 to a seasonally adjusted 304,000 in the week ended April 11, the Labor Department said Thursday, but stood below the 315,000 expected by analysts. The USD/JPY reached a high of 102.26 and it is currently trading at 102.23, virtually unchanged on the day.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.35 (Apr 16 high), 102.48 (21-day SMA) and 102.89 (100-day SMA). On the flip side, supports are seen at 101.85 (Apr 17 low), 101.49 (Apr 15 low) and 101.32 (Apr 11 low).
US jobless claims rose 2,000 to a seasonally adjusted 304,000 in the week ended April 11, the Labor Department said Thursday, but stood below the 315,000 expected by analysts. The USD/JPY reached a high of 102.26 and it is currently trading at 102.23, virtually unchanged on the day.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.35 (Apr 16 high), 102.48 (21-day SMA) and 102.89 (100-day SMA). On the flip side, supports are seen at 101.85 (Apr 17 low), 101.49 (Apr 15 low) and 101.32 (Apr 11 low).