OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY extends gains on US retail sales

FXStreet (Córdoba) - USD/JPY extended gains and printed fresh 7-year highs at the beginning of the New York session, lifted by better-than-expected US retail sales data.

Retail sales rose 0.3% from the prior month to a seasonally adjusted $444.49 billion in October, beating expectations of a 0.2% increase. Separated data showed US import prices fell 1.3% from September versus a 1.5% drop expected.

Dollar strengthened across the board and rallied to 116.81 against the yen, recording its highest level since October 2007.

At time of writing, USD/JPY is trading at 116.75, 0.86%, or 100 pips, above its opening price. On the upside, the 117.00 level stands as next resistance, while the 10-hour SMA at 116.33 offers immediate support.

EUR/USD tumbles after US data

EUR/USD plummeted after US economic data and fell from 1.2440 to 1.2401, hitting the lowest price since Tuesday. The pair remains near the lows, with the 1.2400 area under pressure.
Read more Previous

USD/CAD around 1.1380 post-data

The greenback is almost unchanged after the releases in the US and Canada, with USD/CAD clinging to the area of 1.1380/85...
Read more Next
Start livechat