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USD/JPY little changed after US data

FXStreet (Córdoba) - USD/JPY edged a tad lower but remained broadly unchanged following the latest string of mixed US data.

While US durable goods orders beat expectations by rising 0.4% in October versus a decline of 0.6% expected, however excluding transportation orders dropped 0.5%, missing by far expectations of a 0.9% rise. Separated data showed both consumer income and spending came in at 0.2%, below 0.4% and 0.3% forecasted respectively, while initial jobless claims rose above 300K for first time in 11 weeks.

USD/JPY however was barely affected and only briefly dipped to retest daily lows but then continued to trade at the 117.70 zone, where it records a 0.21% loss on the day.

USD/JPY levels to watch

In terms of technical levels, USD/JPY could find immediate supports at 117.58 (daly low), 117.42 (200-hour SMA) and 117.34 (Nov 21 low). On the other hand, resistances are seen at 117.95/118.00 (daily high/100-hour SMA/psychological level) and 118.56 (Nov 25 high).

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