USD/JPY clings to highs near 100.80 ahead of US data

The Japanese Yen is giving away recent gains vs. its American counterpart, now lifting USD/JPY to daily highs around the 100.80 area.

USD/JPY looks to US data

The pair is advancing for the first time after three consecutive pullbacks today following the disappointing BoJ meeting and the steady stance from the FOMC on Wednesday.

Spot seems to have found support around the psychological 100.00 handle earlier today, managing to gain around a cent to the proximity of the 101.00 barrier ahead of US data releases: Initial Claims, Chicago Fed National Activity Index and Existing Home Sales.

USD/JPY levels to consider

As of writing the pair is up 0.46% at 100.77 facing the immediate hurdle at 102.29 (20-day sma) would open the door to 102.59 (55-day sma) and finally 103.36 (high Sep.14). On the other hand, a breach of 101.10 (low Sep.21) would open the door to 99.53 (low Aug.16) and then 99.08 (low Jun.24).