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USD/JPY holds near highs after US confidence data

FXStreet (Córdoba) - USD/JPY remained little changed above 109.00 and close to recent highs after US consumer confidence rose in line with expectations.

The Reuters/Michigan consumer confidence index rose to 84.6 in September versus 84.7 expected and up from 82.5 the previous month. At time of writing, USD/JPY is trading at 109.23, recording a 0.46% gain on the day and on track for a fourth weekly advance.

USD/JPY technical levels


On the upside, immediate resistances are seen at 109.36 (Sept 25 high), 109.45 (6-year high Sept 19) and 109.71 (Aug 28 2008 high). On the flip side, supports could be found at 108.46 (Sept 26 low), 108.24 (Sept 23 low) and 108.00 (psychological level).

United States Reuters/Michigan Consumer Sentiment Index below expectations (84.7) in September: Actual (84.6)

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US: Reuters/Michigan Consumer Sentiment Index rises to 84.6 in September

The US Reuters/Michigan Consumer Sentiment Index grew to 84.6 in September, from 82.5 recorded the previous month, according to data released by the Reuters/University of Michigan. Analysts expected an increase to 84.7.
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