US dollar steady versus yen after data
US initial jobless claims rose by 13,000 in the week ending Dec 5 and reached a 5-month high of 282,000 against expectations of 269,000. Separated data showed US tradable goods prices rose slightly below expectations.
USD/JPY dropped a few pips after the release but remained within its daily range, contained by the 121.20 zone. At time of writing, the pair is trading at 121.30, still 0.10% below its opening price.
USD/JPY levels to watch
On the downside, if USD/JPY breaks below 121.20, next supports could be found at 121.06 (Dec 9 low) and 120.59 (Nov 3 low). On the other hand, resistances line up at 121.57 (50- and 200-day SMA crossover) and then 121.85 (Dec 10 high) ahead of the 122.25/30 area (former support zone).
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