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6 Aug 2015
USD/JPY nears 125.00 after US jobless claims
FXStreet (Córdoba) - USD/JPY inched higher and approached to the 125 mark following the release of US initial jobless claims data.
US initial jobless claims rose for a second week in a row to 270K from 267K, but below expectations of 273K. The dollar moved only a few pips higher and printed a fresh daily peak of 124.95 versus the yen. However, USD/JPY faltered ahead of the 125.00 level and pulled back slightly to currently trade around at 124.87, little changed on the day.
USD/JPY levels to watch
As for technical levels, USD/JPY could find next resistances at 125.00 (psychological level) and 125.67 (Jun 8 high) ahead of 125.85 (2015 high Jun 5). On the flip side, supports are seen at 124.70 (Aug 6 low), 124.07 (10-day SMA) and 123.79 (Aug 4 low).
US initial jobless claims rose for a second week in a row to 270K from 267K, but below expectations of 273K. The dollar moved only a few pips higher and printed a fresh daily peak of 124.95 versus the yen. However, USD/JPY faltered ahead of the 125.00 level and pulled back slightly to currently trade around at 124.87, little changed on the day.
USD/JPY levels to watch
As for technical levels, USD/JPY could find next resistances at 125.00 (psychological level) and 125.67 (Jun 8 high) ahead of 125.85 (2015 high Jun 5). On the flip side, supports are seen at 124.70 (Aug 6 low), 124.07 (10-day SMA) and 123.79 (Aug 4 low).