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Forex: USD/JPY steady above 98.00 after US jobless claims

FXstreet.com (Córdoba) - The US dollar held pretty steady against the yen, only pulling back a few pips, after a report showed US jobless claims unexpectedly rose by 4K to 352K last week.

USD/JPY however, barely reacted to the data, and continued to consolidate within its recent range bounded by 98.20 and 98.55. At time of writing, USD/JPY is trading around 98.30, where it records a 0.2% gain on the day.

In terms of technical levels, the cross might found next resistances at the 98.65/70 area (200-hour SMA/ Apr 15 high), and 99.00 (psychological level), while supports are seen at 97.95 (100-hour SMA) followed by 97.80 (intraday level).

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