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USD/JPY gains momentum after solid US data

FXstreet.com (Athens) – Solid US data give the American dollar a soft boost; the USD/JPY goes up at 97.50

Solid beats on both Richmond Fed and Consumer confidence pushing the greenback higher

Both the US indices released in much better than expected figures. US Richmond Fed Manufacturing index announced at 14 from -11, versus 0 expected, while consumer confidence touched 81.5, prior revised up to 81.0 from 80.3. The positive signs from the US, delivered a smooth support on the greenback. Traders should be very carefully because according to Shaun Osborne, on behalf of TD securities research, ‘Previous experience suggests that …read more