Thursday, November 3, 2011

Forex - USD/JPY up toward the end of U.S. session

Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session
Forex - USD/JPY up toward the end of U.S. session

Forexpros - The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/JPY was trading at 78.10, up 0.07% at time of writing.

The pair was likely to find support at 75.58, Monday’s low, and resistance at 79.53, Monday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up from 402K.

Analysts had expected Initial Jobless Claims to fall to 400K last week.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.51% to hit 1.3817 and GBP/USD rising 0.56% to hit 1.6038.

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