Japanese Yen (JPY)

The Yen weakened to a two week low against the Dollar after the release of U.S. data on Initial Jobless Claims which supported a stronger Dollar. The USD/JPY has broken the resistance level at 83.00 level and crossed the 10 moving average on the daily chart therefore the momentum is for the Dollar. Overall, USD/JPY traded with a low of 82.38 and with a high of 83.36. No economic data expected today.

USD/JPY-Last: 83.40

Resistance

84.00

Support

83.00

82.65

82.15

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