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12 Jul 2013
USD/JPY extends gains into the NY opening
FXstreet.com (Córdoba) - The USD/JPY extended gains to fresh daily highs at the beginning of the American session as the dollar gains traction across the board.
USD/JPY reaches fresh daily highs
USD/JPY broke above the 99.30 area and accelerated to a fresh daily high of 99.68 in recent dealings propelled by another wave of USD buying. At time of writing, USD/JPY is trading at the 99.60 zone, where it records a 0.7% gain on Friday.
In terms of technical levels, next resistance levels could be found at 99.90 (Jul 11 high) and 100.00 (psychological level), while supports are seen at 98.65 (daily lo2) and 98.20 (Jul 11 low).
USD/JPY reaches fresh daily highs
USD/JPY broke above the 99.30 area and accelerated to a fresh daily high of 99.68 in recent dealings propelled by another wave of USD buying. At time of writing, USD/JPY is trading at the 99.60 zone, where it records a 0.7% gain on Friday.
In terms of technical levels, next resistance levels could be found at 99.90 (Jul 11 high) and 100.00 (psychological level), while supports are seen at 98.65 (daily lo2) and 98.20 (Jul 11 low).