U.S. Dollar Index gains ground as traders react to Initial Jobless Claims report. The report showed that 223,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 224,000.
The nearest resistance level for U.S. Dollar Index is located in the 104.30 – 104.50 range. A move above the 104.50 level will push U.S. Dollar Index towards the next resistance at 105.50 – 105.70.
USD/JPY Tests Resistance At 149.00 – 149.50
USD/JPY gains some ground despite the pullback in Treasury yields. Traders focus on general strength of the American currency.
A successful test of the resistance at 149.00 – 149.50 will push USD/JPY towards the next resistance level at 152.00 – 152.50.