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USD/JPY steady after US data

FXstreet.com (Córdoba) – The USD/JPY remained steady near 6-month highs even after the latest string of mixed US data.

While initial jobless claims unexpectedly dropped last week beating expectations, durable goods orders disappointed and the Chicago Fed index declined in October. The USD/JPY was barely affected by data, presently trading at the 101.75 zone, 0.5% above its opening price, having hit a 2-day peak of 101.87.

USD/JPY levels to watch

In terms of technical levels, immediate resistances for USD/JPY line up at 101.91 (Nov 25 high) and 102.51 (May 21 high). On the other hand, supports are seen …read more