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Forex: USD/JPY testing the 102.00 level following US retail sales

FXstreet.com (Barcelona) - During the waking stages of US trading Monday, the USD/JPY managed to pare the majority of losses on the day, bouncing off the 101.57 level. Following the release of US data, the cross is now trading at 101.99/00, up +0.11% on the day.

In the United States, Retail Sales (MoM) grew at a rate of +0.1% in April, against expectations of -0.3%, compared with -0.4%. In addition, Retail Sales ex Autos (MoM) were reported at -0.1% in April, matching. projections calling for -0.1%.

According to the Mataf.net technical analyst team, the USD/JPY will encounter the following short-term supports at 101.10, then 100.32, and finally 99.89. Conversely, the pair is slated to face resistance at 102.31, then 102.75, and ultimately 103.52.

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Forex: USD/CAD recovers the 1.0100 level following retail sales in US

The USD/CAD has taken a tumble during US trading, following what has been a virtual bloodletting from the 1.0135 level (session highs). Suffice to say, a surrendering of the 1.0100 level occurred earlier, though the cross is still trending downward after establishing fresh session lows (1.0089/94) in these moments on the heels of US data – the pair is now operating at 1.0099/00.
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