13 May 2015
USD/JPY drops to 119.40 on US data
FXStreet (Edinburgh) - The greenback is losing further ground vs, the Japanese yen on Wednesday, sending USD/JPY to session lows around 119.40.
USD/JPY lower on US miss
Another disappointing release in the US docket is hurting the dollar. This time, headline Retail Sales came in flat during April on a monthly basis vs. forecasts for a 0.2% gain, while sales exclusing the Automobile sector expanded a meagre 0.1% vs. 0.5% expected.
The miserable results push the pair lower and accelerated the intraday downside to the area of 119.40, or multi-day lows.
USD/JPY levels to watch
At the moment the pair is retreating 0.32% at 119.47 and a break below 119.34 (daily cloud base) would expose 119.00 (psychological level). On the upside, the immediate hurdle lines up at 120.10 (high May 13) followed by 120.28 (high May 12) and then 120.51 (high May 5). On the other hand,
USD/JPY lower on US miss
Another disappointing release in the US docket is hurting the dollar. This time, headline Retail Sales came in flat during April on a monthly basis vs. forecasts for a 0.2% gain, while sales exclusing the Automobile sector expanded a meagre 0.1% vs. 0.5% expected.
The miserable results push the pair lower and accelerated the intraday downside to the area of 119.40, or multi-day lows.
USD/JPY levels to watch
At the moment the pair is retreating 0.32% at 119.47 and a break below 119.34 (daily cloud base) would expose 119.00 (psychological level). On the upside, the immediate hurdle lines up at 120.10 (high May 13) followed by 120.28 (high May 12) and then 120.51 (high May 5). On the other hand,