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27 Jan 2015
USD/JPY extend losses after US durable goods orders
FXStreet (Córdoba) - USD/JPY fell further and hit fresh daily lows at the beginning of the American session, following worse than expected US durable goods orders data.
The dollar extended losses across the board and fell to a low of 117.36 versus the yen after data showed US durable goods orders fell 3.4% in December (+0.5% expected), while excluding transportation orders dropped 0.8% (+0.6% of consensus).
USD/JPY is currently trading at the 117.50 zone, recording a 0.83% loss on the day. The greenback came under broad pressure on Tuesday heading into the FOMC meeting amid expectations the Fed could show patience in the rate statement.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate supports at 117.25 (Jan 26 low) and 117.00 (psychological level). On the other hand, resistances are seen at 118.65 (daily high) and 118.85 (Jan 20 high) ahead of 119.00 (psychological level).
The dollar extended losses across the board and fell to a low of 117.36 versus the yen after data showed US durable goods orders fell 3.4% in December (+0.5% expected), while excluding transportation orders dropped 0.8% (+0.6% of consensus).
USD/JPY is currently trading at the 117.50 zone, recording a 0.83% loss on the day. The greenback came under broad pressure on Tuesday heading into the FOMC meeting amid expectations the Fed could show patience in the rate statement.
USD/JPY technical levels
As for technical levels, USD/JPY could find immediate supports at 117.25 (Jan 26 low) and 117.00 (psychological level). On the other hand, resistances are seen at 118.65 (daily high) and 118.85 (Jan 20 high) ahead of 119.00 (psychological level).