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USD/JPY stable ahead of US data

FXstreet.com (Córdoba) – After dropping to daily lows at the 98.40 region, USD/JPY found support and managed to bounce during the European session, erasing intraday losses.

USD/JPY eyes US durable goods orders

USD/JPY climbed back to the 98.60 area and remains virtually unchanged on the day ahead of the US durable goods orders release, which could trigger a sharper move as investors’ focus remains on whether the Fed will begin to taper its bond-buying program next month.

USD/JPY technical levels

At time of writing, USD/JPY is trading at the 98.60/65 zone, with immediate resistances at 98.85 (daily high) and 99.15 (Aug …read more