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24 Apr 2013
Forex: USD/JPY bounces to 99.52/56 level after durable goods in US
FXstreet.com (Barcelona) - The USD/JPY bounced off the 99.35 level during US trading Wednesday, having received an impetus from lackluster US economic data. In these moments, the pair has rebounded nearly 20 pips to the 99.52/56 level, securing an advance of +0.09% above its opening.
In the United States, Durable Goods Orders (March) came in at -5.7%, against expectations of just -2.8%. Moreover, Durable Goods Orders ex Transportation yielded a figure of -1.4% in March, vs. a projection of +0.5%.
Mataf.net analysts isolate resistances at 100.06, ahead of 100.55, and finally 101.34. On the decline, the USD/JPY will encounter calculated support at 98.79, then the 98.00 barrier, and finally 97.51.
In the United States, Durable Goods Orders (March) came in at -5.7%, against expectations of just -2.8%. Moreover, Durable Goods Orders ex Transportation yielded a figure of -1.4% in March, vs. a projection of +0.5%.
Mataf.net analysts isolate resistances at 100.06, ahead of 100.55, and finally 101.34. On the decline, the USD/JPY will encounter calculated support at 98.79, then the 98.00 barrier, and finally 97.51.