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13 Jun 2013
USD/JPY recovers 94.22 after US Retail sales
FXstreet.com (New York) - The USD/JPY foreign exchange has been unable to mount any sustained recovery today, however a recent movement past the 94.00 barrier has stabilized the bleeding.
USD/JPY finds impetus via US Retail Sales
In the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K.
Despite the recent movement, the USD/JPY still remains buried in negative territory at 94.22, down a crushing -1.85%. With the 94.62 support in the rear-view mirror, the Mataf.net analyst team calculates the next supportive structures for the USD/JPY at 93.93, then 93.73.
USD/JPY finds impetus via US Retail Sales
In the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K.
Despite the recent movement, the USD/JPY still remains buried in negative territory at 94.22, down a crushing -1.85%. With the 94.62 support in the rear-view mirror, the Mataf.net analyst team calculates the next supportive structures for the USD/JPY at 93.93, then 93.73.