USD/JPY breaks above 102.00

FXstreet.com (Córdoba) – The USD/JPY gathered steam and broke above the 102.00 psychological level during the New York session, underpinned by strong US consumer confidence data.

USD/JPY boosted by confidence data

The Reuters/Michigan consumer confidence index rose to 75.1 in November, exceeding expectations of 73.5, boosting the greenback across the board. The USD/JPY was propelled to a fresh 6-month high of 102.17, last seen May 29. Separated data also showed US leading index grew more than expected in October, while the Chicago PMI came in stronger-than-expected in November.

USD/JPY technical levels

At time of writing, USD/JPY is trading at …read more