Forex: USD/JPY: Dollar falls from 89.70, daily high to 89.50 after U.S. data

on December 15 2009 9:10 AM (Córdoba) - Greenback rose to 89.70 reaching a fresh intra-day high against the Yen. USD/JPY pulled back to 889.50 after the release of U.S. economic data. The pair is accumulating an increase of almost a hundred pips on Tuesday. Currently the pair trades at 89.60/62, 1.14% above today's opening price.

Immediate resistance lies at 89.80 (Dec 11 high) and above at 90.00/10 and 90.75 (Dec 4 high). On the downside support levels could be located at 88.80 and below at 88.30/40 (Monday's low).

Furthermore U.S. NY Fed Manufacturing Index plunged to 2.55 in November from 23.55 in October, with new Orders and Employment sub indexes declining sharply on the month.


Share this article

More News from IBT MEDIA