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Forex: USD/JPY falls to 99.40/44 after US housing data

FXstreet.com (Barcelona) - The USD/JPY broke out of its tight consolidation Monday, having learned of mixed economic data in the United States. In what has been a rather muted trading day, the pair has now incurred a loss of -0.37% off its opening, settling at 99.40/44.

Mataf.net analysts point to supports at 98.65, ahead of 97.49, and finally 96.88. On the ascension, a break above 100.43 will enable short-term resistances at 101.04, and finally 102.21.

In the United States, the Existing Home Sales Change (MoM) came in at -0.6%, against expectations of +0.6%. In addition, the Existing Home Sales (MoM) has yielded a figure of 4.92M, compared with a projection of 5.01M.

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