Back
16 Apr 2014
USD/JPY steady after US housing data
FXStreet (Córdoba) - The USD/JPY showed virtually no reaction to the latest string of US housing data and continues to consolidate intraday gains above 102.15.
US housing starts rose 2.8% to a seasonally adjusted annual pace of 946,000 while building permits declined 2.4% in March, indicating the sector's recovery remains choppy. The USD/JPY has pulled back from an 8-day high of 102.35 and it is currently trading at 102.20, recording a 0.29% gain on the day.
USD/JPY technical levels
In terms of technical levels, if the USD/JPY breaks above 102.35, next resistances are seen at 102.49 (20-day SMA) and 102.88 (100-day SMA). On the flip side, supports could be found at 101.80 (Apr 16 low), 101.49 (Apr 15 low) and 101.32 (Apr 11 low).
US housing starts rose 2.8% to a seasonally adjusted annual pace of 946,000 while building permits declined 2.4% in March, indicating the sector's recovery remains choppy. The USD/JPY has pulled back from an 8-day high of 102.35 and it is currently trading at 102.20, recording a 0.29% gain on the day.
USD/JPY technical levels
In terms of technical levels, if the USD/JPY breaks above 102.35, next resistances are seen at 102.49 (20-day SMA) and 102.88 (100-day SMA). On the flip side, supports could be found at 101.80 (Apr 16 low), 101.49 (Apr 15 low) and 101.32 (Apr 11 low).