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18 Jun 2013
USD/JPY establishing fresh highs after CPI in US
FXstreet.com (New York) - The USD/JPY foreign exchange rate has built on its gains during US trading, having surged higher throughout the European session earlier.
USD/JPY moves on checkered economic data
In the United States, the Consumer Price Index ex Food & Energy (YoY) has climbed +1.7% in May, matching expectations of +1.7%. In addition, the Consumer Price Index (YoY) was reported at +1.4% in May, in line with projections calling for +1.4%. Housing Starts (MoM) yielded a figure of 0.914M in May, missing expectations of 0.950M. Finally, Building Permits (MoM) gave a result of 0.974M in May, compared with an estimate of 0.975M.
At the time of writing, the USD/JPY technical pair is trading at 95.49, up +0.98% during US trading, despite peaking recently at 95.60 (intraday high). The Mataf.net analyst team points to the propensity for short-term resistances at 95.70, then 96.18. On the decline, supportive measures are found at 94.31, then 93.83, and ultimately 93.37.
USD/JPY moves on checkered economic data
In the United States, the Consumer Price Index ex Food & Energy (YoY) has climbed +1.7% in May, matching expectations of +1.7%. In addition, the Consumer Price Index (YoY) was reported at +1.4% in May, in line with projections calling for +1.4%. Housing Starts (MoM) yielded a figure of 0.914M in May, missing expectations of 0.950M. Finally, Building Permits (MoM) gave a result of 0.974M in May, compared with an estimate of 0.975M.
At the time of writing, the USD/JPY technical pair is trading at 95.49, up +0.98% during US trading, despite peaking recently at 95.60 (intraday high). The Mataf.net analyst team points to the propensity for short-term resistances at 95.70, then 96.18. On the decline, supportive measures are found at 94.31, then 93.83, and ultimately 93.37.