USD/JPY treading water

FXstreet.com (Córdoba) – The USD/JPY found support at the 98.25 area where it bottomed at the beginning of the NY session, weighed by below expectations durable goods orders.

USD/JPY erases daily losses

USD/JPY bounced from lows and managed to completely erase its intraday losses as investors shrugged off the latest string of US data. Even though Fed “tapering” prospects rely on economic data, many analysts think weak homes sales and durable goods orders are unlikely to alter Fed schedule, as key data report in this respect remains the September NFP.

USD/JPY technical levels

USD/JPY returned to the 98.60 comfort zone, where it is …read more