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20 Feb 2014
USD/JPY jumps to highs as US data came as expected
FXStreet (San Francisco) - The USD/JPY is currently trading higher as the US dollar reacted to the upside following the CPI and jobless claims data that came as expected. The USD/JPY is trading around 200-hour MA at 102.15.
The US inflation remains well below Fed's target of 2.0% at 1.6% YoY in January. The Initial jobless claims reported 336K in the week of Feb. 14, little bit higher than 336K expected by market.
USD/JPY Sentiment
The pair is currently trading at 102.11, yet 0.11% negative in the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
The US inflation remains well below Fed's target of 2.0% at 1.6% YoY in January. The Initial jobless claims reported 336K in the week of Feb. 14, little bit higher than 336K expected by market.
USD/JPY Sentiment
The pair is currently trading at 102.11, yet 0.11% negative in the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.