28 Jun 2013
USD/JPY trading positively ahead of Japanese CPI
FXstreet.com (New York) - The USD/JPY technical cross moved higher ahead of the highly anticipated data release later today in Japan.
USD/JPY eyes critical data release
Later today at 23:30 GMT, the Japanese economy is slated to release a plethora of economic data, including National Consumer Price Indices and several figures of industrial production.
USD/JPY marginal gains abound
At the time of writing, the USD/JPY foreign exchange rate has now settled in positive territory, up +0.07% during overnight trading, which brings the pair to 98.45 in these moments. Briefing the technical levels, the Danske Research team has identified resistances at 98.72 onto 99.92. Conversely, should the pair dip lower after a recent run up, supportive measures will trigger at 97.21, ahead of 96.86.
USD/JPY eyes critical data release
Later today at 23:30 GMT, the Japanese economy is slated to release a plethora of economic data, including National Consumer Price Indices and several figures of industrial production.
USD/JPY marginal gains abound
At the time of writing, the USD/JPY foreign exchange rate has now settled in positive territory, up +0.07% during overnight trading, which brings the pair to 98.45 in these moments. Briefing the technical levels, the Danske Research team has identified resistances at 98.72 onto 99.92. Conversely, should the pair dip lower after a recent run up, supportive measures will trigger at 97.21, ahead of 96.86.