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18 Feb 2014
USD/JPY declines following US manufacturing data
FXStreet (San Francisco) - The US dollar is currently under pressure following a weaker than expected NY Empire State manufacturing index. The USD/JPY declined 20 pips in a few minutes to 102.35.
The New York Federal Reserve Bank informed that the Empire State manufacturing index fell to 4.48 during February. Data was worse than the decline expected to 9.00 and it means a bigger setback from 12.51 figure in January.
USD/JPY sentiment
The USD/JPY is currently trading at 102.45, still 0.48% positive in the day . The short trend perspective is now slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
If the pair remains on the downside, next supports would be at 102.30, 102.15 and 101.75. On the upside, resistances are at 102.60, 102.75 and 102.90.
The New York Federal Reserve Bank informed that the Empire State manufacturing index fell to 4.48 during February. Data was worse than the decline expected to 9.00 and it means a bigger setback from 12.51 figure in January.
USD/JPY sentiment
The USD/JPY is currently trading at 102.45, still 0.48% positive in the day . The short trend perspective is now slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
If the pair remains on the downside, next supports would be at 102.30, 102.15 and 101.75. On the upside, resistances are at 102.60, 102.75 and 102.90.