Back
6 Mar 2014
USD/JPY rises through 103.00 after US data
FXStreet (Córdoba) - The USD/JPY spiked to fresh 5-week highs above 103.00 right after the latest string of US data showed the US jobless claims fell more than expected last week.
The USD/JPY pierced the 103.00 mark and hit a fresh high of 103.02 so far, last seen Jan 29. The greenback received a boost as jobless claims dropped to 323K in the week ending February 28, from 349K the previous week and below the 338K expected. Jobs data takes special significance ahead of tomorrow's nonfarm payrolls report.
USD/JPY supports and resistances
The USD/JPY is currently trading around 102.95, recording a 0.7% gain Thursday. As for technical levels, above 103.00 immediate resistances line up at 103.10 (50% Fibo 105.45/100.76) and 103.44 (Jan 29 high). On the other hand, supports are seen at 102.25 (Mar 6 low/20-day SMA), 102.00 (psychological level) and 101.85 (100-day SMA).
The USD/JPY pierced the 103.00 mark and hit a fresh high of 103.02 so far, last seen Jan 29. The greenback received a boost as jobless claims dropped to 323K in the week ending February 28, from 349K the previous week and below the 338K expected. Jobs data takes special significance ahead of tomorrow's nonfarm payrolls report.
USD/JPY supports and resistances
The USD/JPY is currently trading around 102.95, recording a 0.7% gain Thursday. As for technical levels, above 103.00 immediate resistances line up at 103.10 (50% Fibo 105.45/100.76) and 103.44 (Jan 29 high). On the other hand, supports are seen at 102.25 (Mar 6 low/20-day SMA), 102.00 (psychological level) and 101.85 (100-day SMA).