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15 Apr 2015
USD/JPY falls to daily lows after US industrial production
FXStreet (Córdoba) - USD/JPY fell to fresh daily lows as the disappointing US industrial production data weighed on the dollar.
US industrial production fell by 0.6% in March, worst than the 0.3% decline expected and following a slight increase of 0.1% in February. Separated data showed NY manufacturing business conditions deteriorated in April, with the NY Fed index falling to -1.19 versus +7.0 of consensus.
The dollar was hurt by weak output data and fell to a low of 119.23 versus the yen. At time of writing, USD/JPY is trading at 119.30, a few pips below its opening price.
USD/JPY levels to watch
As for technical levels, next supports are seen at 119.06 (Apr 14 low) and 118.71 (Apr 3 low). On the other hand, resistances could be found at 119.74 (daily high) and 120.16 (Apr 14 high).
US industrial production fell by 0.6% in March, worst than the 0.3% decline expected and following a slight increase of 0.1% in February. Separated data showed NY manufacturing business conditions deteriorated in April, with the NY Fed index falling to -1.19 versus +7.0 of consensus.
The dollar was hurt by weak output data and fell to a low of 119.23 versus the yen. At time of writing, USD/JPY is trading at 119.30, a few pips below its opening price.
USD/JPY levels to watch
As for technical levels, next supports are seen at 119.06 (Apr 14 low) and 118.71 (Apr 3 low). On the other hand, resistances could be found at 119.74 (daily high) and 120.16 (Apr 14 high).