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13 Sep 2013
USD/JPY crashes over 30 pips to erase daily gains
FXstreet.com (Lisbon) - The USD/JPY foreign exchange rate took a tumble on the heels of US data Friday, by far its biggest movement of the day, crashing nearly over 30 pips in recent minutes.
In the United States, Retail Sales (MoM) grew only +0.2% in August, missing expectations of +0.4%. In addition, the Producer Price Index (YoY) has climbed +1.4% in August, beating estimates of only +1.3%.
USD/JPY technical levels
In these moments, the USD/JPY is now trading at 99.42, now incurring a loss of -0.11% off its opening. Given the present exchange, the USD/JPY will is offered support at 99.31, ahead of 99.11, and 98.95, notes the Danske Research Team.
In the United States, Retail Sales (MoM) grew only +0.2% in August, missing expectations of +0.4%. In addition, the Producer Price Index (YoY) has climbed +1.4% in August, beating estimates of only +1.3%.
USD/JPY technical levels
In these moments, the USD/JPY is now trading at 99.42, now incurring a loss of -0.11% off its opening. Given the present exchange, the USD/JPY will is offered support at 99.31, ahead of 99.11, and 98.95, notes the Danske Research Team.