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USD/JPY strong; hits 102.21 6-month peaks

FXstreet.com (Chicago) – USD/JPY reached 6-month highs around the 102.20 front and sustains high performance after a memorable week that prints over 80 pips won.

Data surprises

Earlier in the US, job market results outperformed estimates for the second time in weeks at 316K vs. expected 330K. The Chicago purchasing managers’ index was 63 vs. expected 60 while the Reuters/Michigan consumer sentiment index was 75.1 vs. expected 73.5. Market participants wait for Japanese retail trade results along foreign investments.

USD/JPY Technical Levels

Price action reveals the bulls are outrunning the bears who, merciless, watch fresh 6-month peaks in the afternoon of the American …read more