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15 Jul 2013
USD/JPY retreats after US retail sales
FXstreet.com (Córdoba) - The USD/JPY moved away from daily highs after the latest string of US data showed US retail sales disappointed in June while a gauge of NY manufacturing activity came in stronger-than-expected.
USD/JPY dips below 100.00 after data
USD/JPY retreated from a 5-day high of 100.47 back to the 99.95 zone immediately weighed by half-the-forecast 0.4% rise in US June retail sales. The pair is currently struggling to hold above the 100.00 mark, where it is still 0.7% above its opening price.
In terms of technical levels, USD/JPY could face immediate supports at 99.95 and 99.50 (20-hour SMA) while on the other hand, resistances are seen at the 100.50 zone and 101.00 (psychological level).
USD/JPY dips below 100.00 after data
USD/JPY retreated from a 5-day high of 100.47 back to the 99.95 zone immediately weighed by half-the-forecast 0.4% rise in US June retail sales. The pair is currently struggling to hold above the 100.00 mark, where it is still 0.7% above its opening price.
In terms of technical levels, USD/JPY could face immediate supports at 99.95 and 99.50 (20-hour SMA) while on the other hand, resistances are seen at the 100.50 zone and 101.00 (psychological level).