30 Aug 2013
USD/JPY declines after US personals income and Expending data
FXstreet.com (San Francisco) - The USD/JPY has reacted to the downside following the US Personal income and expending data just published and that it shows a weak increase of 0.1% in both indexes in July.
The USD/JPY was in recovery mode from intra-day low at 97.85 to price at 98.30, however, the pair hasn't been able to break above this level and it trades back to 98.10 just after the release.
Currently, the USD/JPY is trading at 98.15, 0.17% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the MACD is bullish and the Stochastic is neutral.
USD/JPY levels to watch
The pair is now facing the next hurdle at 98.48 (high Aug.30) ahead of 98.52 (high Aug.29) and then 98.54 (high Aug.27). On the flip side, a break below 97.88 (Kijun Sen line) would open the door to 97.45 (low Aug.29) and then 96.81 (low Aug.28).
The USD/JPY was in recovery mode from intra-day low at 97.85 to price at 98.30, however, the pair hasn't been able to break above this level and it trades back to 98.10 just after the release.
Currently, the USD/JPY is trading at 98.15, 0.17% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the MACD is bullish and the Stochastic is neutral.
USD/JPY levels to watch
The pair is now facing the next hurdle at 98.48 (high Aug.30) ahead of 98.52 (high Aug.29) and then 98.54 (high Aug.27). On the flip side, a break below 97.88 (Kijun Sen line) would open the door to 97.45 (low Aug.29) and then 96.81 (low Aug.28).